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TE Connectivity acquisition positive, says SunTrust

After TE Connectivity (TEL) agreed to buy Measurement Specialties (MEAS), SunTrust thinks that Measurement Specialties is a good strategic fit for TE Connectivity. The firm thinks there is a solid complementary fit between sensors and connectors, and it believes the transaction is financially attractive for TE Connectivity and clearly positive for it overall. However, it keeps a Neutral rating on TE connectivity based on valuation.