MTS Systems logo

MTSC - MTS Systems News Story

$58.49 0.0  0.0%

Last Trade - 06/04/21

Mid Cap
Market Cap £817.4m
Enterprise Value £1.15bn
Revenue £589.5m
Position in Universe th / 6852

BUZZ-MTS Systems Corp: Highest in more than a year on Amphenol deal

Wed 9th December, 2020 2:27pm
** Testing and simulation services provider's shares
 MTSC.O  surge nearly 50% to $57.55 premarket; Highest in more
than a year
    ** Company agrees to be acquired by high-speed specialty
cables maker Amphenol Corp  APH.N  for $58.50/shr in cash, or
about $1.7 bln, including debt and liabilities*:nL4N2IP2Z9
    ** Deal represents a premium of 51.9% to MTSC's close on
    ** APH plans to bolster its range of sensor and sensor-based
products with the acquisition
    ** Deal, expected to close by mid-2021, will be accretive to
Amphenol's earnings in first year after completion, says APH
    ** YTD, MTSC stock down ~20%, as of last close

 (Reporting by Shreyasee Raj and Chavi Mehta in Bengaluru)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.