Merger Notification - Announcement according to § 10 Cartel Act
TE Connectivity Ltd; Schaffner Holding AG
BWB/Z-6405
On 10.10.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Tyco Electronics (Schweiz) Holding II GmbH (Schaffhausen/Switzerland), which is wholly owned by TE Connectivity Ltd. (Schaffhausen/Switzerland), intends to submit a voluntary public tender offer for all publicly held shares in Schaffner Holding AG (Luterbach/Switzerland) with the aim to acquire all shares in and sole control over Schaffner Holding AG. The proposed concentration concerns electronic filtering products.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.11.2023.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 08.11.2023 .