Takeover Offer
TE Connectivity offers shareholders €28.25 per share.

Statement on The Voluntary public takeover offer by TE Connectivity Sensors Germany Holding AG

The Executive Board and Supervisory Board of First Sensor AG, a developer and manufacturer of standard products and customer-specific sensor solutions, issued a joint reasoned statement on the voluntary public takeover offer for all its outstanding shares from TE Connectivity Sensors Germany Holding AG ("the bidder"), a wholly-owned subsidiary of TE Connectivity Ltd. ("TE"). In their statement they recommend that shareholders of First Sensor AG accept the offer that has been running since July 8, 2019.

"Now that the Executive Board and Supervisory Board have carefully examined the bid documents, we have separately come to the shared conclusion that the offer is appropriate both from a financial perspective and with a view to the current and future development of First Sensor," commented Dirk Rothweiler, CEO of First Sensor AG. "Overall, the offer reflects the essential elements set out in the business combination agreement and reinforces our view that the planned combination of our companies will support and accelerate the growth of the First Sensor Group and our workforce."
 
Publications on the topic
2019-07-18 DGAP-News: First Sensor AG: Executive Board and Supervisory Board Recommend Accepting Voluntary Public Takeover Offer from TE Connectivity (more)
2019-07-08 DGAP-News: First Sensor AG Receives Takeover Offer from TE Connectivity (more)
2019-06-03 DGAP-Adhoc: First Sensor AG: TE Connectivity publishes decision to launch a voluntary public takeover offer; conclusion of a Business Combination Agreement (more)
2019-06-03 DGAP-News: First Sensor AG: TE Connectivity announced decision to make a voluntary public takeover offer for all outstanding First Sensor shares; conclusion of a Business Combination Agreement (more)
2019-06-03 Webcast: TE Connectivity: Business Combination Agreement & Tender Offer (more)
2019-05-26 DGAP-Adhoc: First Sensor AG: Executive Board of First Sensor AG Confirms Advanced Negotiations (more)

Statement

The joint reasoned statement published on the voluntary public takeover by the Executive Board and Supervisory Board of First Sensor AG can be found here.

Offer Document

The document on the voluntary public takeover offer of TE Connectivity Sensors Germany Holding AG to the shareholders of First Sensor AG can be found here.
Company
First Sensor is one of the world's leading suppliers in the field of sensor systems. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.
Investor Relations
Our investor relations activities aim at raising the international publicity of First Sensor AG and at consolidating and extending the perception of our share as an attractive growth stock. This means we keep our online communication transparent, comprehensive and continuous in order to enhance your trust in our share.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Competencies
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Career
Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.

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