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United States

TE Connectivity Ltd (TEL)

TEL on New York Consolidated

61.41USD
26 Jul 2016
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Tue, May 31 2016

BRIEF-TE Connectivity was reimbursed $305 million by Tyco International and Covidien pursuant to their indemnifications for pre-separation tax matters

* Company's net cash payment was $140 million during q2 of fiscal 2016, representing company's share of total amount payable to irs

BRIEF-TE Connectivity reports Q2 adjusted earnings per share $0.90

* TE Connectivity posts solid fiscal 2016 second quarter results

TE Connectivity pushes into medical devices with Creganna buy

TE Connectivity Ltd, a Swiss-based manufacturer of electronics and sensors, said it would buy Creganna Medical Group for $895 million, expanding in the fast-growing business of making equipment used in minimally invasive procedures.

UPDATE 2-TE Connectivity pushes into medical devices with Creganna buy

* TE Connectivity's shares fall 3 pct (Adds executive comment from conference call, shares)

TE Connectivity to buy Creganna Medical Group for $895 mln

Feb 2 Communication equipment maker TE Connectivity Ltd said it would buy Ireland-based medical device maker Creganna Medical group for $895 million in cash.

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