CD&R to Acquire Majority Stake in Tyco's Electrical and Metal Products Business

Tyco International Ltd. entered into an Investment Agreement with CD&R Allied Holdings, L.P., an affiliate of Clayton, Dubilier & Rice, to sell a 51% majority interest in its Electrical and Metal Products business for $306 million. The business will be held by a newly-formed entity, Atkore International Group Inc.

“On November 9, 2010, Tyco International Ltd. (the “Company”) and its subsidiaries Tyco International Holding S.à r.l. (“Seller”), and Atkore International Group Inc. (“Atkore”) entered into an Investment Agreement (the “Investment Agreement”) with CD&R Allied Holdings, L.P. (“Investor”), a newly-formed special purpose vehicle owned by affiliates of Clayton, Dubilier & Rice, LLC (“CD&R”) related to the sale of a majority interest in the Company’s Electrical and Metal Products business.”

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