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Thursday, June 19, 2014

Deals of the day- Mergers and acquisitions, (NASDAQ: MEAS), (NYSE: TEL)

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday: ** Australian department store operator David Jones Ltd said it will postpone a shareholder vote on a $2 billion takeover bid from South Africa's Woolworths Holdings Ltd until mid-July after Australian billionaire Solomon Lew said he had acquired a 9.89 percent stake in the target.** Swiss electronics company TE Connectivity Ltd said it would purchase U.S.-based sensor maker Measurement Specialties Inc for about $1.7 billion, including debt, to grab a bigger slice of the high-growth global sensor market.

Measurement Specialties, Inc., is engaged in the design, development and manufacture of sensors and sensor-based systems for original equipment manufacturers (OEM) and end users, based on a range of technology and characterized by the MEAS brand name. Shares of MEAS traded higher by 0.32% or $0.25/share to $78.00. In the past year, the shares have traded as low as $42.70 and as high as $79.00. On average, 59872 shares of MEAS exchange hands on a given day and today's volume is recorded at 122887.

TE Connectivity Ltd. (TE Connectivity), formerly Tyco Electronics Ltd. Shares of TEL traded higher by 0.26% or $0.16/share to $61.94. In the past year, the shares have traded as low as $44.02 and as high as $62.29. On average, 1541530 shares of TEL exchange hands on a given day and today's volume is recorded at 854959.



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