Sunday, October 31, 2010

Tyco Electronics Changes Name to TE Connectivity

Tyco Electronics Lwill be changing its name to TE Connectivity Ltd., subject to shareholder approval, next spring.

"We are changing the name of our company to better reflect the products and solutions that we provide to our customers," said Chief Executive Officer Tom Lynch. "In a world that is increasingly connected, we engineer a full range of connectivity solutions. From electronic connectors under the hood of a car, to fiber optic cables under the sea, to high-voltage connections in energy systems, our products protect and connect the flow of data and power from origination to destination in the world's largest industries -- including automotive, telecommunications, energy, aerospace, industrial, white goods and consumer devices."

  • In November 2010, Tyco Electronics extended its offer to acquire ADC at a
    price of $12.75 per share in cash, to 5:00 p.m., New York City time on Wednesday, Dec. 8, 2010.