Irish TEL /
Swiss TEL
TE Connectivity proposes a holding company merger with Irish TEL
What happened
TE Connectivity Ltd. is asking shareholders to approve a merger in which Irish TEL would become its publicly traded parent company. Swiss TEL would merge into Irish TEL, which would survive the merger.
The proposed reorganization would change the holding company’s jurisdiction from Switzerland to Ireland. Shareholders would receive one Irish TEL ordinary share for each Swiss TEL common share.
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TE Connectivity proposes a holding company merger with Irish TEL
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