TE Connectivity to Sell Circuit Protection Devices Business

Schaffhausen, Switzerland — TE Connectivity Ltd. (NYSE: TEL) (TE) today announced that it has entered into an agreement to sell its Circuit Protection Devices (CPD) business to Littelfuse, Inc. (NASDAQ: LFUS) for $350 million. The transaction is expected to close in the second quarter of fiscal year 2016 and is subject to customary regulatory approvals. TE’s CPD…