Sensor giant TE Connectivity (Tyco Electronics) said on March 18 local time that it will change its registration from Switzerland to Ireland and plans to merge with its Irish subsidiary.

5SHX0845F0001 The company’s registered shares currently listed on the New York Stock Exchange will be delisted and deregistered. As part of the merger, the common stock acquired by its subsidiary, TE Connectivity Ireland, will be listed and traded on the New York Stock Exchange.

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The merger still needs shareholder approval. It is understood that on October 30 last year, Huanxu Electronics announced that it had successfully completed the acquisition of Tyco Electronics Co., LTD. ‘s automotive wireless business (Hirschmann Hersman), and the transaction was officially completed on October 27.

5SHX0845F0001 Hirschmann Automotive Communications will continue to be led by the existing management team and is committed to providing customers with the most advanced automotive wireless solutions, which will add value to the business portfolio of Huanxu Electronics.