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TE Connectivity Ltd (TEL.N)

TEL.N on New York Stock Exchange

77.71USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Medtronic says paid $10 mln in Q4 to IRS related to settlement of tax disputes
Tuesday, 31 May 2016 04:23pm EDT 

Medtronic : Paid $183 million to te connectivity,got $2 million from Tyco,representing estimated share payable to or receivable from tax sharing participants .During Q4 paid $10 million to IRS related to settlement to resolve all federal tax disputes related to previously disclosed intercompany debt issues.  Full Article

TE Connectivity Ltd to acquire Creganna Medical Group
Tuesday, 2 Feb 2016 06:00am EST 

TE Connectivity Ltd:Entered into a definitive agreement to acquire the Creganna Medical group for $895 million in an all cash transaction.Company expects $0.03 accretion to TE's adjusted EPS in the first full fiscal year.Company expects the transaction to boost revenue growth and EBITDA margins.Transaction will be financed through cash and debt.Upon completion of the transaction, the business will be reported as part of TE's Industrial Solutions segment.  Full Article

TE Connectivity Ltd announces pricing of $350 mln senior notes offering
Tuesday, 26 Jan 2016 07:35am EST 

TE Connectivity Ltd:Announces pricing of $350 million senior notes offering.Says unit has priced an offering of $350 million aggregate principal amount of its 3.700% senior notes due 2026.Says unit's $350 million senior notes due 2026 will be issued at a price of 99.757%.  Full Article

TE Connectivity Ltd gives Q2, FY 2016 outlook
Wednesday, 20 Jan 2016 06:07am EST 

TE Connectivity Ltd:Expects Q2 2016 net sales of $2.88 billion to $3.08 billion and adjusted EPS of $0.84 to $0.92.Expects Q2 2016 GAAP EPS to be $0.78 to $0.86, including acquisition related charges of $0.01, and restructuring and other charges of $0.05.Expects FY 2016 net sales of $11.9 billion to $12.7 billion and adjusted EPS of $3.80 to $4.20.Expects FY 2016 GAAP EPS to be $3.66 to $4.06, including acquisition related charges of $0.03, restructuring and other charges of $0.18, and $0.07 of tax-related income.Says outlook includes foreign exchange headwinds, reducing sales by $344 million and adjusted EPS by $0.13 year over year, and the impact of a 53(rd) week.  Full Article

TE Connectivity's Board Approves Recommendation to Raise Annualized Dividend by 12 Percent to $1.48 Per Share
Wednesday, 2 Dec 2015 04:45pm EST 

TE Connectivity Ltd:Says Board of Directors today approved a recommendation to increase the company's quarterly dividend by 12 percent, from $0.33 to $0.37 per share, for four fiscal quarters starting in April 2016, beginning of the third fiscal quarter.recommendation would raise the company's dividend by 12 percent, from the annual rate of $1.32 per share to $1.48 per share, and will be presented for shareholder approval at the company's Annual General Meeting of Shareholders on March 2, 2016.  Full Article

BRIEF-Voxx International to sell its Hirschmann car communication antenna and tuner business

* Voxx International corporation announces definitive agreement with TE connectivity to sell its Hirschmann car communication antenna and tuner business