May 26, 2019 / 12:09 AM / 23 days ago

First Sensor says in advanced takeover talks with TE Connectivity

May 26 (Reuters) - Germany’s First Sensor AG said on Sunday it is in advanced talks with connector and sensor maker TE Connectivity Ltd regarding a takeover.

The company, which makes electronic sensors used in the industrial, medical and automotive sectors, said it has received a legally non-binding expression of interest with an indicative offer price of about 28 euros ($31.37) per share, adding that it is examining its options.

First Sensor said it cannot predict whether TE Connectivity will make a takeover offer.

TE Connectivity did not respond to a Reuters request seeking comment. ($1 = 0.8927 euros) (Reporting by Kanishka Singh in Bengaluru; Editing by Dan Grebler)

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