Form 10 Registration Statement Filed by ADT Corporation In Connection With Separation Of Tyco International Into Three Independent Companies

Tyco International Ltd. announced that, in connection with its previously announced plan to separate into three independent companies, its wholly-owned subsidiary, The ADT Corporation, has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). ADT will operate Tyco's North American residential and small business security enterprise following the separation. 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. Regarding the spin-off of its flow control business, Tyco announced a definitive agreement on March 28, 2012 to combine its flow control business with Pentair, Inc. in a tax-free all-stock merger that will occur immediately following the dividend distribution of the flow control business. Completion of the transactions is subject to a number of conditions, including effectiveness of the registration statements filed with the SEC, tax rulings, the approval of Tyco shareholders of the spinoffs by way of dividend distribution, the approval of Pentair shareholders of the merger, and other customary conditions.