Tyco and Pentair Announce Merger and Separation Transactions

Tyco International Ltd. and Pentair, Inc. announced entry into a Merger Agreement and a Separation and Distribution Agreement on March 27, 2012. The transactions involve Tyco's Flow Control subsidiary merging with Pentair, and the separation of The ADT Corporation from Tyco.

“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”

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