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MTS Systems (MTSC) Halted on News Dissemination

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MTS Systems (MTSC) to Resume Trading at 8:30 a.m.

December 9, 2020 8:21 AM EST

MTS Systems (NASDAQ: MTSC) to Resume Trading at 8:30 a.m.

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Amphenol (APH) to Acquire MTS Systems (MTSC) for $58.50 Per Share in $1.7 Billion Deal

December 9, 2020 8:02 AM EST

Amphenol Corporation (NYSE: APH) (Amphenol), a leading global provider of high-technology interconnect, antenna and sensor solutions, and MTS Systems Corporation (Nasdaq: MTSC) (MTS), a leading global supplier of advanced test systems, motion simulators and precision sensors, today announced that they have entered into a definitive agreement under which Amphenol will acquire MTS for $58.50 per share in cash, or approximately $1.7 billion, including the assumption of outstanding debt and liabilities, net of cash.

We have long admired MTSs technology and position across a variety of attractive end markets, said R. Adam... More