Tyco to Buy ADC

Tyco Electronics (www.tycoelectronics.com) and ADC (www.adc.com) have announced a definitive agreement under which Tyco will acquire ADC for $12.75 per share in cash, or an enterprise value of approximately $1.25 billion. The transaction is expected to close in ...

Tyco Electronics (www.tycoelectronics.com) and ADC (www.adc.com) have announced a definitive agreement under which Tyco will acquire ADC for $12.75 per share in cash, or an enterprise value of approximately $1.25 billion. The transaction is expected to close in this year's fourth quarter.

The combined organization will offer a complete product portfolio across every major geographic market. It will also add ADC's Distributed Antenna System (DAS) products, which will expand Tyco Electronics' wireless connectivity portfolio. Additionally, Tyco Electronics will add ADC's professional services organization in the United States to its business.
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