Raiffeisen Switzerland provided a fairness opinion to Schaffner Holding AG on the tender offer by TE Connectivity

Tyco Electronics (Switzerland) Holding II LLC, a subsidiary of the TE Connectivity Ltd, the NYSE-listed manufacturer of engineered connectivity and sensing products, announced to make a public tender offer for Schaffner Holding AG, the SIX-listed leading manufacturer of electromagnetic compatibility filters, chokes and other electromagnetic components. In the tender offer, Schaffner’s equity is valued at CHF 319m, which represents a premium of 74.5% to the 60days volume-weighted average price of Schaffner Holding AG and a premium of 79% to its closing price on August 16, 2023, the day prior to the announcement of the transaction. Raiffeisen Switzerland Cooperative provided as independent financial advisor a fairness opinion to the Board of Directors of Schaffner Holding AG. The Fairness Opinion will be published on the website of the Swiss Takeover Board (www.takeover.ch) upon publication of the offer prospectus on or around September 28, 2023.

Raiffeisen Switzerland

Advised in the sale of

Schaffner Holding AG


Tyco Electronics (Switzerland) Holding II LLC


MidCap Alliance