Delphi to Acquire HellermannTyton Group for £1.07B

Delphi has reached agreement on a recommended offer to acquire HellermannTyton Group PLC

, a leading global manufacturer of high-performance and innovative cable management solutions, for 480 pence in cash per share, which translates to approximately £1.07 billion of market capitalization and implies an enterprise value of $1.85 billion at today's exchange rate. The transaction has been recommended by the board of HellermannTyton and is expected to close late in the fourth quarter of 2015, subject to regulatory consents and