NEUHAUSEN, Switzerland,
April 9, 2014 /PRNewswire/ -- Tyco
(NYSE: TYC) announced today that its remaining stake in Atkore
International, the company's former electrical and metal products
business, has been redeemed by Atkore in a cash transaction valued
at approximately $250 million.
Tyco previously sold a majority interest in Atkore to Clayton,
Dubilier & Rice, LLC, in 2010.
ABOUT TYCO
Tyco (NYSE: TYC) is the world's largest
pure-play fire protection and security company. Tyco provides more
than three million customers around the globe with the latest fire
protection and security products and services. A company with $10+
billion in annual revenue, Tyco has over 65,000 employees in more
than 1,000 locations across 50 countries serving various end
markets, including commercial, institutional, governmental, retail,
industrial, energy, residential and small business. For more
information, visit www.tyco.com.
SOURCE Tyco