Date: 20th Oct 2010
Tyco Electronics Extends Tender Offer
Tyco Electronics announced today that it has extended the
expiration of its tender offer to purchase all of the outstanding
common shares of ADC (Nasdaq: ADCT), at a price of $12.75
per share in cash, to 5:00 p.m., New York City time on Monday,
Nov. 15, 2010. All other terms and conditions of the tender
offer remain unchanged.
As of 5:00 p.m. on Oct. 18, 2010, approximately 86,482,478
common shares of ADC (including 4,860,216 common shares
of ADC guaranteed to be delivered within the next three
NASDAQ trading days) had been tendered and not withdrawn
pursuant to the tender offer, representing approximately
89.13% of the outstanding common shares of ADC.