Tyco to Sell Brazilian Power Transmission Business to Terna Participações

Tyco International Ltd. executed a definitive agreement to sell its Brazilian power transmission line business, ETEO, to a subsidiary of Terna Participações S.A. for approximately $295 million in an all-cash deal. The transaction is subject to Brazilian regulatory approval and expected to close by the end of Q1 2008.

“On September 17, 2007, Tyco executed a definitive agreement to sell its Brazilian power transmission line business to a subsidiary of Terna Participações S.A. for approximately $295 million on a cash and debt free basis, subject to working capital adjustments. The disposition is structured as an all cash sale of 100% of the stock of ETEO — Empresa de Transmissão de Energia do Oeste Ltda., a Brazilian subsidiary in Tyco’s EarthTech division.”

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