Date: 13th Mar 2011
Tyco Electronics changes its name as TE
Tyco Electronics Ltd. said it has received shareholder
approval at yesterday's Annual General Meeting to change
the company name to TE Connectivity Ltd. The name change
is subject to Swiss regulatory approval, which the company
expects to receive by March 25, 2011. The NYSE ticker symbol
(TEL) will remain the same.
"Our new name better reflects the products and solutions
we bring to our customers," said Chief Executive Officer
Tom Lynch. "We offer more than 500,000 products that
connect and protect the flow of power and data inside millions
of products that consumers and industries use every day,
all around the globe. From smart phones to satellites, automobiles
to airplanes, dishwashers to data centers, we're in it.
"As a company, we are well-known to the industries
and customers we serve," Lynch said. "We want
to expand our reach and drive awareness of TE Connectivity
beyond our existing customer base to prospective customers,
suppliers, investors, recruits and the communities in which
we operate around the world."