Sensata Technologies, a maker of sensors and switches headquartered in Attleboro, MA, has set its initial public offering of 31.6 million shares at $18 to $20 a share, according to a filing with the SEC. Sensata Technologies Holding, a public limited liability company incorporated in the Netherlands, is offering 26.3 million shares, and selling shareholders are offering another 5.3 million shares, the filing reveals. Morgan Stanley and Barclays Capital are representing the underwriters, who will have a 30-day option to purchase an additional 4.74 million shares from the selling shareholders. Sensata, formerly a Texas Instruments unit that became a stand-alone company owned by Bain Capital in 2006, cut its staff by 150 last year through layoffs and buyouts.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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