other material
confidence high
sentiment neutral
materiality 0.55
TE Connectivity shareholders approve reincorporation to Ireland; merger expected Sept. 30, 2024
TE Connectivity plc
- Shareholders voted 93.20% in favor (254.5M shares) of the merger agreement to change jurisdiction from Switzerland to Ireland.
- Non-binding advisory vote on share premium reduction for distributable reserves passed with 99.85% support (272.3M shares for).
- Each TE Connectivity Ltd. share will convert to one TE Connectivity plc share upon closing on or about September 30, 2024.
- Merger is with wholly owned subsidiary TE Connectivity plc; no change in business operations or stock exchange listing (NYSE: TEL).