Tyco International Ltd. (TYC) filed a Form 8K - Other Events -
with the U.S Securities and Exchange Commission on May 16,
2014.
Tyco International Ltd. ("Tyco" or the "Company") is filing this
Form 8-K to update financial information and certain related
disclosures in the Company's Quarterly Report on Form 10-Q for the
quarter ended December 27, 2013 to reflect the presentation of the
Company's South Korean security business as a discontinued
operation. This update is consistent with the presentation of
continuing and discontinued operations included in the Company's
Form 10-Q for the second quarter ended March 28, 2014 filed with
the Securities and Exchange Commission ("SEC") on April 25,
2014.
As previously disclosed on March 4, 2014, Tyco Far East Holdings
Ltd., a wholly-owned subsidiary of Tyco, entered into a Stock
Purchase Agreement with an affiliate of The Carlyle Group for the
sale of Tyco Fire & Security Services Korea Co. Ltd. and its
subsidiaries that form and operate the Company's South Korean
security business. Pursuant to the Stock Purchase Agreement, Tyco
will sell 100% of the issued and outstanding capital stock of Tyco
Fire & Security Services Korea Co. Ltd. for a purchase price of
$1.93 billion, subject to customary adjustments. The Company
expects the sale to close during the third quarter of fiscal 2014.
Tyco expects to recognize a gain on sale upon closing of the
agreement.
Exhibits filed with this Form 8-K and incorporated into this
Item 8.01 by reference revise those areas contained in the
Company's Quarterly Report on Form 10-Q for the quarter ended
December 27, 2013 to reflect the presentation of the historical
operating results of the South Korean security business as a
discontinued operation and supersede those portions of the
Company's Quarterly Report on Form 10-Q for the quarter ended
December 27, 2013.
Information in the first quarter 2014 Form 10-Q has not been
updated for other events or developments that occurred subsequent
to the filing of the first quarter 2014 Form 10-Q with the SEC. For
additional information related to developments since the filing of
the first quarter 2014 Form 10-Q, refer to the Company's Form 10-Q
for the period ending March 28, 2014 and the Company's Forms 8-K
filed since the filing of the first quarter 2014 Form 10-Q. The
information in this Form 8-K, including the exhibits, should be
read in conjunction with the first quarter 2014 Form 10-Q and
subsequent SEC filings.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/833444/000083344414000066/a8-kcoverintroq114.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/833444/000083344414000066/0000833444-14-000066-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.
Access Investor Kit for Tyco International Ltd.
Visit
http://www.companyspotlight.com/partner?cp_code=A591&isin=CH0100383485
Subscribe to WSJ: http://online.wsj.com?mod=djnwires