At the end of the additional acceptance period on September 19, 2019, shareholders of First Sensor AG have tendered a total of 7,380,905 shares into the voluntary public takeover offer of TE Connectivity Sensors Germany Holding AG (TE Holding). The final result corresponds to 71.87 percent of the total share capital and voting rights of First Sensor. 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.
With the expiration of the additional acceptance period, no further shares can be tendered into the takeover offer. Completion of the offer still depends on foreign investment clearances in Germany and the United States. The acquisition is expected to be completed by mid-2020 at the latest. The Executive Board and the Supervisory Board of First Sensor AG welcome and support the takeover offer. “We are pleased that the majority of First Sensor shareholders agree with the assessment that the transaction is to the benefit of First Sensor, our shareholders, and employees. Together with TE, we want to continue our growth,” 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.Downloads
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