Tyco Electronics (TEL) will acquire ADC Telecom (ADCT) for $12.75 per share in cash, or about...

|About: ADC Telecommunications Inc. (ADCT)|By:, SA News Editor

Tyco Electronics (TEL) will acquire ADC Telecom (ADCT) for $12.75 per share in cash, or about $1.25B. "We expect ADC to be accretive to our earnings in the first year and to reach our target operating margin of 15% in the third year after the acquisition." TEL also reports preliminary Q3 results, issuing upside guidance. (PR)