Tyco to Spin-Off Flow Control Business

Tyco International Ltd. entered into a Separation and Distribution Agreement to spin off its flow control business into a separate publicly traded company, Tyco Flow Control International Ltd., through a pro-rata distribution to Tyco shareholders.

“Pursuant to the Separation Agreement, and subject to the terms and conditions set forth therein, Tyco will transfer Tyco’s flow control business to Flow Control and will subsequently separate Flow Control from Tyco in a spin-off (the “Separation”).”

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