TE Connectivity to acquire Richards Manufacturing for about $2.3 billion-February 2024-www.financetom.com

TE Connectivity to acquire Richards Manufacturing for about $2.3 billion

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TE Connectivity to acquire Richards Manufacturing for about $2.3 billion

Feb 12, 2025 4:22 AM

Feb 12 (Reuters) - TE Connectivity ( TEL ) said on

Wednesday it would buy Richards Manufacturing Co from funds

managed by Oaktree Capital Management and members of the Bier

family for about $2.3 billion in cash, aiming to expand in the

energy market.

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