Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Tyco to Buy Raychem in $2.87 Billion Deal

Photonics.com
May 1999
NEW YORK, NY, May 21 -- Tyco International Ltd., a manufacturer of undersea fiber-optic cables, reports that it will buy Menlo Park, California-based Raychem Corp., an electronic components maker, in a cash and stock deal valued at $2.87 billion. Raychem is an excellent strategic fit with our electronics business and will be immediately accretive to Tyco's earnings, said Tyco Chairman and Chief Executive Dennis Kozlowski, adding that Raychem's products, international presence, and customers are all highly complementary with those of Tyco's AMP subsidiary, which Tyco purchased last year.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.