Tyco Plans Spin-Off of ADT and Tyco 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. The filing also covers the election of two board nominees effective upon completion of the spin-offs.

“On May 8, 2012, 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”), the election of two nominees to its board of directors effective upon the completion of the spin-offs and certain related matters.”

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