Divestiture May 2012 · Schaffhausen, Switzerland Verified
Tyco Plans Spin-Off of ADT and Flow Control
Tyco International Ltd. announced it has filed preliminary proxy materials seeking shareholder approval for its previously announced plan to spin-off The ADT Corporation and Tyco Flow Control International Ltd. into separate independent companies.
“Tyco International Ltd. (“Tyco”) issued a press release announcing that it has filed preliminary proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) seeking approval by its shareholders for its previously announced plan to spin-off The ADT Corporation (“ADT”) and Tyco Flow Control International Ltd. (“Tyco Flow Control”)”
Entities
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.