Tyco International spin-offs of Covidien and Tyco Electronics

Tyco International Ltd. entered into a Separation and Distribution Agreement to spin off its healthcare segment (Covidien Ltd.) and electronics segment (Tyco Electronics Ltd.) into separate publicly traded companies. The distribution of shares to Tyco shareholders was completed on June 29, 2007.

“On June 29, 2007, Tyco International Ltd. (“Tyco”) entered into a Separation and Distribution Agreement with Covidien Ltd. (“Covidien”) and Tyco Electronics Ltd. (“Tyco Electronics”) to effect the spin-offs of Covidien and Tyco Electronics and provide a framework for Tyco’s relationship with those companies after the spin-offs.”

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