Tyco Electronics to sell wireless unit (Dealscape

Tyco Electronics Ltd. has agreed to sell its wireless systems division to Harris Corp. for $675 million, the companies announced Thursday. Harris will finance the acquisition with cash, borrowings under its $750 million revolving credit line and long-term debt.

Under the terms of the deal, expected to close July 3, Harris will pay $675 million in cash with the resulting goodwill creating a tax adjustment of about $60 million. This makes the effective purchase price about $615 million.

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NOT A SUBSCRIBER? Tyco Electronics to sell wireless unit Posted on April 17, 2009 12:52 PM Tyco Electronics Ltd. has agreed to sell its wireless systems division to Harris Corp. for $675 million, the companies announced Thursday. Harris will finance the acquisition with cash, borrowings under its $750 million revolving credit line and long-term debt. Under the terms of the deal, expected to close July 3, Harris will pay $675 million in cash with the resulting goodwill creating a tax adjustment of about $60 million. This makes the effective purchase price about $615 million. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 889 in-depth reports of M&A deals in the Technology sector 230 company pages related to Electronics 71 articles related to Harris Corp. 27 articles related to Tyco Electronics Ltd. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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