Sutherland Represent Tyco Electronics in its Acquisition of ADC

Sutherland Represent Tyco Electronics in its Acquisition of ADC

Washington, D.C. (July 14, 2010) - Sutherland Asbill & Brennan LLP is serving as tax counsel to Tyco Electronics Ltd. in its $1.25 billion acquisition of ADC.

The transaction is structured as a tender offer to be followed as soon as possible by a merger.  The deal, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2010 and will position Tyco Electronics' Network Solutions segment as a leading worldwide supplier of broadband connectivity products.  Tyco Electronics Ltd. is a global provider of engineered electronic components, network solutions, specialty products and subsea telecommunication systems.

The Sutherland team is led by Tax Partner Robert S. Chase II in Washington, D.C., and includes Tax Partners H. Karl Zeswitz, Jr. and Michael R. Miles, both in Washington, D.C.

ABOUT SUTHERLAND ASBILL & BRENNAN LLP.
Sutherland Asbill & Brennan LLP is a law firm with global reach known for solving challenging business problems and resolving sophisticated legal issues for many of the world's largest companies. Founded in 1924, the firm handles matters throughout the United States and worldwide. Seven major practice areas-corporate, energy and environmental, financial services, intellectual property, litigation, real estate, and tax-provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies.

DEAL NOTIFICATION

Target & Acquirer name, nation, business description:

Target:  ADC; Eden Prairie, MN; provides the connections for wireline, wireless, cable, broadcast, and enterprise networks around the world. ADC's innovative network infrastructure equipment and professional services enable high-speed Internet, data, video, and voice services to residential, business and mobile subscribers. ADC (Nasdaq: ADCT) has sales into more than 130 countries.           

Acquirer: Tyco Electronics, Ltd.; Schaffhausen, Switzerland; is a leading global provider of engineered electronic components, network solutions, specialty products and subsea telecommunication systems, with fiscal 2009 sales of US $10.3 billion to customers in more than 150 countries. Tyco Electronics Ltd. designs, manufactures and markets products for customers in a broad array of industries including automotive; data communication systems and consumer electronics; telecommunications; aerospace, defense and marine; medical; energy; and lighting.

Date Deal Announced:  July 13, 2010

Date of Completion (if applicable):  Not Applicable

Deal status:  Pending

Which party firm advised:  Tyco Electronics Ltd.

Advisory role:  Tax Counsel

Deal Description or comments (if necessary): 

                        Sutherland Asbill & Brennan LLP is advising Tyco Electronics Ltd. in its $1.25 billion acquisition of ADC.

Value (if disclosed):  $1.25 billion

###

CIRCULAR 230 DISCLOSURE: To comply with Treasury Department regulations, we inform you that, unless otherwise expressly indicated, any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties that may be imposed under the Internal Revenue Code or any other applicable tax law, or (ii) promoting, marketing or recommending to another party any transaction, arrangement, or other matter.

This e-mail message is intended only for the personal use of the recipient(s) named above. This message may be an attorney-client communication and as such privileged and confidential. If you are not an intended recipient, you may not review, copy, or distribute this message. If you have received this communication in error, please notify us immediately by e-mail and delete the