SCHAFFHAUSEN, Switzerland, May 25, 2012 /PRNewswire/ -- Tyco International Ltd. (NYSE:TYC) announced today that, in connection with its previously announced plan to separate into three independent companies, its wholly-owned subsidiary, The ADT Corporation, has filed the first amendment to its Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). The Form 10 was initially filed on April 10, 2012.
Under the plan announced on September 19, 2011, Tyco will spin off its North American residential and small business security company by distributing all of the equity of The ADT Corporation in a tax-free dividend distribution. Completion of the transaction is subject to a number of conditions, including effectiveness of the registration statement filed with the SEC, tax rulings, the approval of Tyco shareholders, and other customary conditions.
A copy of the amended Form 10 can be found at www.sec.gov by searching under the name "ADT Corp". Additionally, the amended Form 10 can be found on the Investor Relations portion of Tyco's website at www.tyco.com.
ABOUT TYCO INTERNATIONAL
Tyco International Ltd. (NYSE: TYC) is a diversified company that provides vital products and services to customers around the world. Tyco is a leading provider of security products and services, fire protection and detection products and services, and industrial valves and controls. Tyco had 2011 revenue of more than $17 billion and has more than 100,000 employees worldwide. More information on Tyco can be found at www.tyco.com.
Upon separation from Tyco International Ltd., The ADT Corporation will be a leading provider of electronic security, interactive automation and related monitoring services for residences and small businesses in North America. ADT's broad and pioneering set of products and services, including ADT Pulse interactive home and business solutions, and home health services, meet a range of customer needs for modern lifestyles. ADT helps provide peace of mind to more than six million customers in the U.S. and Canada. Headquartered in Boca Raton, Florida, ADT employs 16,000 people at nearly 200 locations. More information is available at www.adt.com.
In connection with the proposed spin-off of The ADT Corporation, 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 TRANSACTION. 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 D.C 20549. Please call the SEC at 1- 800-SEC-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 transaction. 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.
SOURCE Tyco International Ltd.