Tyco International Announces Plan to Separate Into Three Independent, Publicly Traded Companies
As you may know, the board of directors of Tyco International recently approved a plan to separate Tyco’s businesses, including ADT, into three separate, publicly traded operating companies:
ADT North America Residential and Small Business Security – the leading provider of security and fire alarm systems, serving more than six million homes and small businesses in the U.S. and Canada.
Flow Control – a global supplier of flow management, water and environmental systems and thermal control solutions.
Commercial Fire and Security – the largest global provider of fire and security products and services for commercial, industrial, governmental and retail customers worldwide.
As an independent company, ADT North America Residential and Small Business Security will be better positioned than ever to serve our customers. With a newly defined focus on both customer service and product development, ADT will be able to deliver even more innovative solutions to meet our customers’ evolving security needs.
We expect the separation to take 12 months to complete. In the meantime, we anticipate no significant impact on our day-to-day operations. We remain committed to providing our customers with the quality service and peace of mind they have come to expect from us.
Please visit www.ADT.com again for updates on our progress.
OTHER IMPORTANT INFORMATION
In connection with the proposed spin-off transactions, a definitive proxy statement for the stockholders of Tyco will be filed with the Securities and Exchange Commission (the “SEC”). Tyco will mail the final proxy statement to its stockholders. BEFORE MAKING ANY VOTING DECISION, TYCO’S STOCKHOLDERS AND INVESTORS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED SPIN-OFF TRANSACTIONS. Investors and security holders may obtain, without charge, a copy of the proxy statement, as well as other relevant documents containing important information about Tyco at the SEC’s website (http://www.sec.gov) once such documents are filed with the SEC. You may also read and copy any reports, statements and other information filed by Tyco at the SEC public reference room at 100 F. Street, N.E., Washington, DC 20549. Please call the SEC at 1.800.SEC.0330 (1.800.732.0330) for further information.
Tyco and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from its stockholders in connection with the proposed spin-off transactions. Information concerning the interests of Tyco’s participants in the solicitation is set forth in Tyco’s proxy statements and Annual Reports on Form 10-K, previously filed with the SEC, and in the proxy statement relating to the spin-off transactions when it becomes available.