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TE Connectivity ([[TEL]] -0.8%) agrees to sell two of its business units in separate deals with a combined value of ~$400M: its touch-screen business to PE firm Gores Group for $380M, and its TE Professional Services to a unit of KPG Logistics for $23.5M. TEL cuts its Q2 outlook as it expects to record a $20M loss from the transactions.

TE Connectivity (TEL -0.8%) agrees to sell two of its business units in separate deals with a combined value of ~$400M: its touch-screen business to PE firm Gores Group for $380M, and its TE Professional Services to a unit of KPG Logistics for $23.5M. TEL cuts its Q2 outlook as it expects to record a $20M loss from the transactions. Post your comment!
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