On a corporate action affecting ordinary shares of TE Connectivity Ltd. (TEL)
On March 18, 2024, TE Connectivity Ltd. signed a merger agreement with TE Connectivity Ireland under which TE Connectivity Ireland will acquire TE Connectivity Ltd. Each registered share of TE Connectivity Ltd. will be cancelled in consideration for the allotment of one ordinary share of TE Connectivity Ireland held immediately prior to the Merger. The merger will effect if stockholders vote to approve it on the extraordinary general meeting of shareholders to be held on June 12, 2024. If merger proposal is approved by shareholders, the merger is expected to close by the end of the calendar year. For more details, please, refer to the company’s website.
ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.