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    Wednesday, November 25, 2009

    Sensata Technologies Files for IPO

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    By Darryl R. Isherwood
    FOXBusiness
       

      Dutch company Sensata Technologies, owned by private equity investor Bain Capital, filed Wednesday for an initial public offering of up to $500 million.

      The company hopes to list on either the New York Stock Exchange or Nasdaq, according to the filing. Sensata, which produces sensors and industrial technology, was acquired by Bain from Texas Instruments. (TXN)

      The proceeds from the offering would be used to pay down debt and for general corporate purposes. The underwriters for the deal include Morgan Stanley (MS), Barclays Capital, Goldman Sachs (GS), Bank of America Merrill Lynch (BAC), JPMorgan Chase(JPM) Citi (C) and Credit Suisse.

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