{"id":52595,"date":"2019-07-08T15:00:37","date_gmt":"2019-07-08T15:00:37","guid":{"rendered":"https:\/\/electronicsmaker.com\/?p=52595"},"modified":"2019-07-08T15:03:38","modified_gmt":"2019-07-08T15:03:38","slug":"te-connectivity-commences-public-takeover-offer-for-first-sensor-ag","status":"publish","type":"post","link":"https:\/\/electronicsmaker.com\/te-connectivity-commences-public-takeover-offer-for-first-sensor-ag","title":{"rendered":"TE Connectivity commences public takeover offer for First Sensor AG"},"content":{"rendered":"
Acceptance periodto expire on September 2, 2019<\/em><\/h5>\n

SCHAFFHAUSEN, Switzerland \u2013July 8, 2019 \u2013 TE Connectivity Sensors Germany Holding AG (TE Holding), a wholly owned subsidiary of TE Connectivity Ltd. (NYSE: TEL) (TE), a global industrial technology company with leading positions in connectivity and sensing solutions, today published the offer document for its voluntary public takeover offer for all outstanding shares of First Sensor AG (XTRA: SIS) (First Sensor), aprovider of sensing solutions based in Germany (ISIN\u00a0DE0007201907).<\/p>\n

Today\u2019s publishing of the offer document follows TE\u2019s public announcement on June 3, 2019, of its decision to launch the offer for First Sensor AG.The offer price is \u20ac28.25 per share in cash.This represents a 31.7% premium to the 3-month volume-weighted average price prior to May 24, 2019, the last trading day before First Sensor confirmed negotiations with TE.<\/p>\n

The publication of the offer document marks the beginning of the acceptance period of the offer. The acceptance period will presumably expire on September 2, 2019, at 24.00 hrs local time Frankfurt am Main \/ 6:00 p.m. local time New York.<\/p>\n

The management board and supervisory board of First Sensor welcome and, subject to a review of the offer document, support the offer.Additionally, shareholders representing approximately 67% of the outstanding shares have already agreed to irrevocably tender their shares into the offer.The transaction, including the assumption of First Sensor\u2019s outstanding net debt and minority interest, is valued at approximately \u20ac307 million.<\/p>\n

Completion of the offer is subject to customary closing conditions as described in the offer document. Theoffer is not subject to reaching a minimum acceptance threshold. TE expects to complete this acquisition bymid2020 at the latest. The offer document as well as additional details and documents concerning this transaction may be found at: www.sensor-offer.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Acceptance periodto expire on September 2, 2019 SCHAFFHAUSEN, Switzerland \u2013July 8, 2019 \u2013 TE Connectivity Sensors Germany Holding AG (TE Holding), a wholly owned subsidiary of TE Connectivity Ltd. (NYSE: TEL) (TE), a global industrial technology company with leading positions in connectivity and sensing solutions, today published the offer document for its voluntary public takeover […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[221,225,2398],"yoast_head":"\nTE Connectivity commences public takeover offer for First Sensor AG - Electronics Maker<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/electronicsmaker.com\/te-connectivity-commences-public-takeover-offer-for-first-sensor-ag\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TE Connectivity commences public takeover offer for First Sensor AG - Electronics Maker\" \/>\n<meta property=\"og:description\" content=\"Acceptance periodto expire on September 2, 2019 SCHAFFHAUSEN, Switzerland \u2013July 8, 2019 \u2013 TE Connectivity Sensors Germany Holding AG (TE Holding), a wholly owned subsidiary of TE Connectivity Ltd. (NYSE: TEL) (TE), a global industrial technology company with leading positions in connectivity and sensing solutions, today published the offer document for its voluntary public takeover […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/electronicsmaker.com\/te-connectivity-commences-public-takeover-offer-for-first-sensor-ag\" \/>\n<meta property=\"og:site_name\" content=\"Electronics Maker\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-08T15:00:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-08T15:03:38+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\">\n\t<meta name=\"twitter:data1\" content=\"Electronics Maker\">\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data2\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/electronicsmaker.com\/#website\",\"url\":\"https:\/\/electronicsmaker.com\/\",\"name\":\"Electronics Maker\",\"description\":\"Electronics Magazine\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/electronicsmaker.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/electronicsmaker.com\/te-connectivity-commences-public-takeover-offer-for-first-sensor-ag#webpage\",\"url\":\"https:\/\/electronicsmaker.com\/te-connectivity-commences-public-takeover-offer-for-first-sensor-ag\",\"name\":\"TE Connectivity commences public takeover offer for First Sensor AG - Electronics Maker\",\"isPartOf\":{\"@id\":\"https:\/\/electronicsmaker.com\/#website\"},\"datePublished\":\"2019-07-08T15:00:37+00:00\",\"dateModified\":\"2019-07-08T15:03:38+00:00\",\"author\":{\"@id\":\"https:\/\/electronicsmaker.com\/#\/schema\/person\/df9e9cfbf590f29e49716824dd7d81f9\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/electronicsmaker.com\/te-connectivity-commences-public-takeover-offer-for-first-sensor-ag\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/electronicsmaker.com\/#\/schema\/person\/df9e9cfbf590f29e49716824dd7d81f9\",\"name\":\"Electronics Maker\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/electronicsmaker.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4af77a4fcb00c5dfc7c1ca124a492b4?s=96&d=mm&r=g\",\"caption\":\"Electronics Maker\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/posts\/52595"}],"collection":[{"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/comments?post=52595"}],"version-history":[{"count":2,"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/posts\/52595\/revisions"}],"predecessor-version":[{"id":52597,"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/posts\/52595\/revisions\/52597"}],"wp:attachment":[{"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/media?parent=52595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/categories?post=52595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/electronicsmaker.com\/wp-json\/wp\/v2\/tags?post=52595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}