Search
Menu
Meadowlark Optics - Wave Plates 6/24 LB 2024

Tyco to Buy Raychem in $2.87 Billion Deal

Facebook X LinkedIn Email
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.Read full article

Related content from Photonics Media

    Published: May 1999
    News & Features

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.