At the end of the initial acceptance period on September 2, 2019, First Sensor AG shareholders had contributed a total of 7,376,321 shares to the voluntary public takeover bid by TE Connectivity Sensors Germany Holding AG (TE Holding). This corresponds to 71.90 percent of the total share capital and voting rights of First Sensor as of the reference date. TE Holding is a wholly-owned subsidiary of TE Connectivity Ltd. (NYSE: TEL) (TE), one of the world's leading technology companies in the sensor and connection solutions sectors. Shareholders who did not accept the offer within the lapsed period can do so during the further acceptance period that runs until midnight (Frankfurt am Main) or 6:00 pm (New York) on September 19, 2019. The final number of tendered shares will be announced by TE immediately after the end of the further acceptance period.
When the first acceptance period expired, all non-regulatory bid conditions had been fulfilled. Implementation of the bid still depends on approvals relating to foreign trade in Germany and the United States. The acquisition is expected to be concluded by mid-2020 at the latest.
The Executive Board and the Supervisory Board of First Sensor AG welcome and support the takeover bid, and have advised shareholders to accept it. “We are convinced that the transaction is strategically sound and in the best interests of First Sensor, our shareholders, and our employees. The planned combination with TE will allow us to accelerate our growth in a market environment that is increasingly competitive worldwide. We can benefit here from TE's technology and product leadership and its global reach in order to provide our customers with a more extensive range of products. The result at the end of the acceptance period reflects this assessment,” says Dr. Dirk Rothweiler, CEO of First Sensor AG.The offer, along with further information and documents relating to the transaction, can be found online at www.sensor-offer.com. The statement of the Executive Board and the Supervisory Board, as well as the statement of the General Works Council of First Sensor AG are available in the Investor Relations section of the First Sensor website.
In a few steps quickly and conveniently to the right product.
Please search by complete product numbers, e.g. CTE7005GY4 or 501430. In order to increase the number of search results, please search by part of the product number only, e.g. CTE7.