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Stock Market & Financial Investment News

News Breaks
April 23, 2014
06:10 EDTTELTE Connectivity reports Q2 adjusted EPS 95c, consensus 91c
Reports Q2 revenue $3.43B, consensus $3.45B.
News For TEL From The Last 14 Days
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February 8, 2016
08:16 EDTTELTE Connectivity CFO change should be manageable, says RBC Capital
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February 2, 2016
07:59 EDTTELTE Connectivity to host conference call
Conference call to discuss acquisition of Creganna Medical Group will be held on February 2 at 9 am. Webcast Link
06:09 EDTTELPermira Funds to sell Creganna Medical to TE Connectivity for $895M
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06:08 EDTTELTE Connectivity to acquire Creganna Medical Group for $895M in cash
TE Connectivity announced that it has entered into a definitive agreement to acquire the Creganna Medical group for $895M in an all cash transaction. The company, headquartered in Ireland, reported sales of approximately $250M in 2015 and is a portfolio company of Permira Funds. Upon completion of the transaction, the business will be reported as part of TE's Industrial Solutions segment. The company expects 3c accretion to TE's adjusted EPS in the first full fiscal year. The company expects the transaction to boost revenue growth and EBITDA margins. The transaction is subject to the receipt of certain regulatory approvals and is expected to close in Q3. The transaction will be financed through cash and debt.
January 26, 2016
07:02 EDTTELInternational Exposition Company to hold an expo
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