Davis Polk is advising TE Connectivity Ltd. in connection with its exclusive negotiations with the Wendel Group and has made a binding offer to acquire Deutsch Group SAS in a transaction valued at €1.55 billion (approximately $2.06 billion at current exchange rates). The proposed acquisition will enable TE to provide a wide range of industry-leading connectivity products for harsh environment applications. The potential acquisition is expected to close by the end of June 2012.

Deutsch Group is a French provider of connectivity solutions for harsh environment applications, with a reputation for innovation, quality and reliability. Wendel Group is a French hands-on investor and shareholder that assists sector-leading companies in their long-term development. TE Connectivity is a Swiss company that designs and manufactures approximately 500,000 products that connect and protect the flow of power and data inside the products that touch every aspect of our lives.

The Davis Polk team includes partners Arnaud Pérès and William H. Aaronson and associates Julie Herzog, Juliette Loget and Thomas J. Clarke. Partner Arthur J. Burke, counsel Stephen M. Pepper and associate Matthew R. Maddox are providing antitrust advice. Members of the Davis Polk team are based in the Paris and New York offices.