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> MEMS CORPORATE/FINANCE
Feb 18th, 2011
Sensata Technologies holding N.V. announces proposed secondary offering of 20,000,000 ordinary shares
Sensata Technologies Holding N.V. (NYSE: ST) today announces the commencement of a secondary public offering of its ordinary shares.
In this offering, which is subject to market and other conditions, 20,000,000 ordinary shares are being sold by existing shareholders as identified in the prospectus relating to the offering. The underwriters have a 30-day option to purchase up to an additional 3,000,000 ordinary shares from the selling shareholders to cover over-allotments, if any. Sensata Technologies will not receive any proceeds from this offering, other than proceeds from options exercised by certain shareholders in connection with the offering. Sources :
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