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Delphi Automotive to buy HellermannTyton Group for about $1.67 bln

Reuters - UK Focus

July 30 (Reuters) - Auto supplier Delphi Automotive Plc (NYSE: DLPH - news) said it will acquire HellermannTyton Group (LSE: HTY.L - news) for about 1.07 billion pounds ($1.67 billion) to expand its electrical architecture global business.

Delphi will pay 480 pence in cash per share for each HellermannTyton share, which represents a premium of 44 percent to its closing price on the London Stock Exchange (Other OTC: LDNXF - news) on Wednesday.

($1 = 0.6413 pounds) (Reporting by Supriya Kurane in Bengaluru; Editing by Anupama Dwivedi)