- Published on Wednesday, 19 September 2012 13:29
Tyco International Ltd. announced that its shareholders have approved the spinoffs
of its North American ADT business and its flow control business. As a result, the company expects to complete the distributions of equity interests in The ADT Corporation and Tyco Flow Control International Ltd., the wholly-owned subsidiaries formed to hold the North American residential and small business security and flow control businesses, respectively, as scheduled on September 28, 2012 to shareholders of record on September 17, 2012. As previously announced, immediately following the distribution, Pentair, Inc. will merge with and into a wholly-owned subsidiary of Tyco Flow Control.