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 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 deal is subject to customary closing conditions including regulatory approvals, with an expected closing date after May 31, 2014.

“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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