Tyco and Pentair Announce Merger and Separation Transactions

Tyco International Ltd. and Pentair, Inc. announced a merger agreement involving Tyco's Flow Control subsidiary and a separation and distribution agreement involving The ADT Corporation. The transactions are structured through newly formed subsidiaries.

“On March 28, 2012, Tyco International Ltd. (“Tyco”) and Pentair, Inc. (“Pentair”) issued a joint press release announcing entry into (i) a Merger Agreement, dated as of March 27, 2012, among Tyco, Tyco Flow Control International Ltd. (“Flow Control”), a direct wholly-owned subsidiary of Tyco, Panthro Acquisition Co. (“AcquisitionCo”), a newly formed direct wholly-owned subsidiary of Flow Control, Panthro Merger Sub, Inc., a newly formed direct wholly-owned subsidiary of AcquisitionCo, and Pentair, and (ii) a Separation and Distribution Agreement, dated as of March 27, 2012, among Tyco, Flow Control and The ADT Corporation, a newly formed indirect wholly-owned subsidiary of Tyco”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.