Tyco International Ltd. (TYC) filed a Form 8K - Acquisition or
Disposition of Assets - with the U.S Securities and Exchange
Commission on May 29, 2014.
On May 22, 2014, Tyco International Ltd. (the "Company")
together with its wholly-owned subsidiary Tyco Far East Holdings
Ltd. (the "Seller") completed the sale of Tyco Fire & Security
Services Korea Co. Ltd. and its subsidiaries that form and operate
the Company's South Korean security business to an affiliate of The
Carlyle Group pursuant to a stock purchase agreement previously
reported in the Company's Current Report on Form 8 K filed with the
SEC on March 4, 2014. The transaction took the form of a sale by
the Seller of all of the stock of Tyco Fire & Security Services
Korea Co. Ltd. for an aggregate purchase price of $1.93 billion,
subject to customary adjustments as set forth in the stock purchase
agreement.
The foregoing description of the stock purchase agreement, which
is filed as an exhibit to the Form 8 K filed on March 4, 2014 and
is incorporated herein by reference, does not purport to be
complete and is qualified in its entirety by reference thereto.
The unaudited pro forma condensed consolidated balance sheet of
the Company giving effect to the foregoing transaction are attached
hereto as Exhibit 99.1 and incorporated herein by reference.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/833444/000083344414000076/item901.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/833444/000083344414000076/0000833444-14-000076-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
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