Summary
This 8-K/A filing by Amphenol Corporation provides an amendment to a prior report, detailing the completion of a significant acquisition. On December 1, 2005, Amphenol acquired substantially all of the assets and certain liabilities of Teradyne's backplane and connection systems business (TCS) for approximately $384.7 million in cash. This strategic move, financed primarily through an expanded $1 billion revolving credit facility, signals Amphenol's intent to grow its market presence in the connection systems sector. The filing also includes crucial financial information for investors, such as the audited financial statements of the acquired TCS business for fiscal year 2004 and unaudited condensed financials for the first nine months of 2005. Additionally, pro forma financial information is provided, giving investors a view of the combined entity's financial position and performance as if the acquisition had already occurred. This comprehensive financial data is vital for understanding the potential impact of the acquisition on Amphenol's future financial health and profitability.
Key Highlights
- 1Amphenol Corporation completed the acquisition of Teradyne's backplane and connection systems business (TCS) on December 1, 2005.
- 2The total purchase price for the TCS acquisition was approximately $384.7 million in cash.
- 3Transaction-related expenses amounted to approximately $8.8 million.
- 4The acquisition was primarily financed using Amphenol's unsecured five-year revolving credit facility, which was increased to $1 billion.
- 5The filing includes audited financial statements for the acquired TCS business for the fiscal year ended December 31, 2004.
- 6Unaudited condensed financial statements for TCS for the nine months ended October 2, 2005, are also provided.
- 7Pro forma financial information is presented, showing the combined entity's financial position and operational results.