other material
confidence high
sentiment neutral
materiality 0.75
TE Connectivity to redomicile from Switzerland to Ireland via merger with Irish sub
TE Connectivity plc
- Board unanimously approved change of incorporation to Ireland; merger agreement signed March 18, 2024.
- Shareholders to receive one Irish ordinary share per Swiss share; TEL symbol to remain on NYSE.
- Merger subject to shareholder approval at EGM on or about June 12, 2024; expected completion by end of 2024.
- Irish parent will continue same business, remain SEC-reporting, report in USD under US GAAP.
- Swiss company will be dissolved without liquidation; existing equity awards assumed by Irish company.