FX.co ★ TE Connectivity To Change Place Of Incorporation From Switzerland To Ireland

TE Connectivity Ltd. (TEL) has announced that it has received unanimous approval for its proposed relocation from Switzerland to Ireland. The move is expected to be completed in 2024, assuming that shareholders vote in approval of the proposal at the company’s special General Meeting. Despite the relocations, its common shares will still trade on the New York Stock Exchange under the symbol TEL. Furthermore, Switzerland will maintain its role as the leadership hub for TE, continuing to execute critical strategic and operational functions.