Amphenol Reports Details Of Open Offer For ADC India
(RTTNews) - Amphenol (APH) announced further details regarding its open offer to acquire up to 1,196,000 fully paid-up equity shares of face value of INR 10 of ADC India Communications, representing 26.00% of the voting share capital, from the public shareholders of ADC India. After the completion of the CCS Acquisition, ADC India became an indirect majority-owned subsidiary of Amphenol.
The Open Offer is being made at a price of approximately $13.68 per share, and assuming full acceptance under the Open Offer, the total consideration payable by Amphenol in cash will be approximately $16.36 million.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.