First Sensor says in advanced takeover talks with TE Connectivity

First Sensor AG

26/05/2019 01:09

May 26 (Reuters) - Germany's First Sensor AG  SISG.DE  said
on Sunday it is in advanced talks with connector and sensor
maker TE Connectivity Ltd  TEL.N  regarding a takeover. 
    The company, which makes electronic sensors used in the
industrial, medical and automotive sectors, said it has received
a legally non-binding expression of interest with an indicative
offer price of about 28 euros ($31.37) per share, adding that it
is examining its options.  urn:newsml:reuters.com:*:nEQ5MzYkKa
    First Sensor said it cannot predict whether TE Connectivity
will make a takeover offer. 
    TE Connectivity did not respond to a Reuters request seeking
comment. 


($1 = 0.8927 euros)

 (Reporting by Kanishka Singh in Bengaluru; Editing by Dan
Grebler)
 ((Kanishka.Singh@thomsonreuters.com; +91 80 6749 0021;))