Tyco Electronics Announce EU Clearance for Acquisition of ADC

By Benzinga Staff
December 07, 2010 11:14 AM

Symbols: ADCT, TEL

Posted in: News, M&A

Tyco Electronics Ltd. (NYSE: TEL) announced today that it has received merger control clearance from the European Commission for its proposed acquisition of ADC Telecommunications, Inc. (Nasdaq: ADCT).

This clearance satisfies the condition of the tender offer related to European Union regulatory approval. Tyco Electronics' tender offer for shares of ADC is scheduled to expire at 5:00 p.m., New York City time on Wednesday, Dec. 8, 2010.

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Tyco Electronics Announce EU Clearance for Acquisition of ADC

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