Tyco to sell Tyco Fire & Security Services Korea to Siren Investment for $1.93B

Tyco International Ltd. entered into a Stock Purchase Agreement to sell 100% of its Korean subsidiary, Tyco Fire & Security Services Korea Co., Ltd., to Siren Investment, L.L.C. for a purchase price of U.S. $1,930,000,000. The transaction is subject to customary closing conditions including regulatory approvals.

“On March 2, 2014, Tyco International Ltd. (“Tyco”), together with its wholly-owned subsidiary Tyco Far East Holdings Ltd., an Irish incorporated company tax resident in the Netherlands (“Seller”), entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Siren Investment, L.L.C., a Delaware limited liability company (“Purchaser”). Pursuant to the Stock Purchase Agreement, Seller will sell, and Purchaser will acquire, 100% of the issued and outstanding capital stock of Tyco Fire & Security Services Korea Co., Ltd., a Korean company (the “Company”), for a purchase price of U.S.$ 1,930,000,000 (the “Purchase Price”) at the Closing (the “Closing”).”

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