Tyco Electronics’ $1.25 billion acquisition of ADC Telecommunications, Inc. in 2010 positioned the company as a world leader in broadband connectivity. For the cross-border deal, Tyco Electronics turned to the renowned Tax Group at Sutherland to serve as tax counsel. The transaction was structured as a tender offer, quickly followed by a short-form merger, after which ADC became a wholly owned subsidiary of Tyco Electronics. To complete the acquisition, the Switzerland-based company, which designs, manufactures and markets products for customers in a broad array of industries, paid $12.75 in cash per share of ADC. Sutherland Tax Partner Robert S. Chase II, oversaw the deal with fellow Tax Partners H. Karl Zeswitz, Jr. and Michael R. Miles.
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