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Divestiture Jan 2016 · Australia Verified

Tyco Divests Australian Fire Detection and Protection Business

Tyco reached an agreement to divest its fire detection and protection business in Australia, which had approximately $260 million in revenue in fiscal 2015. The transaction closed in late January 2016.

“divestiture of Australian fire detection and protection business”

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Other Sentiment: Neutral

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.