19.06.2014 18:45:00
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Tyco Electronics Group S.A. -- Moody's says TE Connectivity's ratings and outlook not affected by acquisition of Measurement Specialties
New York, June 19, 2014 -- Moody's Investors Service said TE Connectivity's agreement to acquire Measurement Specialties (unrated), a designer and manufacturer of sensors and sensor based systems, for approximately $1.7 billion does not impact its Baa1 senior unsecured credit rating or stable ratings outlook though leverage is expected to increase modestly to fund the transaction.