TE Connectivity to acquire Richards Manufacturing for about $2.3 billion

 

(Reuters) – TE Connectivity 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.

(Reporting by Abhinav Parmar in Bengaluru; Editing by Savio D’Souza)

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