UPDATE 1-Tyco Electronics to be renamed "TE Connectivity"

NEW YORK, Dec 3 (BestGrowthStock) – Electronic connector maker Tyco
Electronics Ltd (TEL.N: ) will ask its shareholders next year to
approve changing the company name to “TE Connectivity,”
dropping the word “Tyco” more than three years after its split
from former parent Tyco International Ltd (TYC.N: ).

Tyco Electronics, which makes connectors used in cars,
energy systems and fiber optic communications, said the change
would better reflect its range of products and said many
customers already refer to it as “TE.”

Its annual shareholder meeting is set for March 9, 2011.

Tyco Electronics expects to close its acquisition of
broadband equipment maker ADC Telecommunications Inc (ADCT.O: )
this quarter. The company’s CEO, Tom Lynch, has said that $1.25
billion deal marked the beginning of an expansion phase, after
a painful restructuring that followed the spin-off from Tyco.
[ID:nN13254495]
(Reporting by Nick Zieminski, editing by Dave Zimmerman)

UPDATE 1-Tyco Electronics to be renamed "TE Connectivity"