Key Developments: Tyco International Ltd (TYC.N)

TYC.N on New York Stock Exchange

42.22USD
17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Tyco International Ltd completes sale of remaining interest in electrical and metal products provider Atkore International
Wednesday, 9 Apr 2014 04:14pm EDT 

Tyco International Ltd:Says its remaining stake in Atkore International has been redeemed by Atkore in a cash transaction valued at about $250 mln.  Full Article

Tyco International Ltd announces dividend
Thursday, 6 Mar 2014 12:02pm EST 

Tyco International Ltd:Approved an annual dividend of $0.72 per share, representing an about 13 pct increase over the current dividend of $0.64.Payment of the dividend is to be made in four quarterly installments of $0.18 from May 2014 through February 2015.FIrst of these dividend payments to be payable on May 21, to shareholders of record on April 25.  Full Article

Tyco International Ltd increases share repurchase authorization to $2 bln
Monday, 3 Mar 2014 06:10am EST 

Tyco International Ltd:Board approved an additional $1.75 bln authorization for share repurchase.This is in addition to the remaining $250 mln authorization, bringing the total share repurchase authorization to $2 bln.Expects to repurchase shares from time to time based on market conditions.  Full Article

Tyco International Ltd lowers Q2 2014 EPS outlook
Monday, 3 Mar 2014 06:04am EST 

Tyco International Ltd:Expects Q2 2014 EPS from continuing operations before special items for to be in the range of $0.39 to $0.41 compared to original guidance of $0.44 to $0.46.Q2 2014 EPS of $0.46 - Thomson Reuters I/B/E/S.  Full Article

Tyco International Ltd sells its Security Business in South Korea to The Carlyle Group
Monday, 3 Mar 2014 06:04am EST 

Tyco International Ltd:Signs definitive agreement to sell Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries that form and operate the Company's South Korean security business to The Carlyle.Transaction valued about $1.93 bln.The transaction is expected to close in Tyco's fiscal Q3 of 2014, subject to customary closing conditions including required regulatory approval.  Full Article

Tyco International Ltd gives Q2 2014 below analysts' estimates-Conference Call
Friday, 31 Jan 2014 08:00am EST 

Tyco International Ltd:Expects Q2 2014 revenue to be very similar to last year, at $2.6 billion, with organic revenue growth of one pct.Q2 2014 revenue of $2.7 billion - Thomson Reuters I/B/E/S.  Full Article

Vringo Inc files lawsuit against Tyco International Ltd in Germany
Tuesday, 28 Jan 2014 08:30am EST 

Vringo Inc:Says that its wholly-owned subsidiary, Vringo Germany GmbH, filed a patent infringement lawsuit against Tyco International Ltd., and Tyco Security Products EMEA.Says lawsuit, filed in the Regional Court of Mannheim, alleges infringement of the European Patent 1,221,149, entitled Process and Device for Surveillance of a Room.Says court initiated service on Jan. 23.Says according to the complaint, Vringo requests that Tyco provide information regarding the extent to which Tyco offers and/or delivers infringing products and compensate Vringo for any loss it has incurred or will incur due to such actions.  Full Article

Tyco International Ltd declares quarterly dividend
Thursday, 5 Dec 2013 05:45pm EST 

Tyco International Ltd:Says the board of directors of Tyco has declared a quarterly dividend of $0.16 per share, payable on Feb. 19, 2014 to shareholders of record at the close of business on Jan. 24, 2014.  Full Article

Tyco International Ltd Issues Q1 2014 Guidance; EPS Guidance Below Analysts' Estimates; Issues FY 2014 Guidance In Line With Analysts' Estimates - Conference Call
Thursday, 14 Nov 2013 08:00am EST 

Tyco International Ltd announced that for fiscal 2014, it expects revenue to be approximately $10.9 billion to $11.1 billion and earnings per share (EPS) from continuing operations, before special items, to be in the range of $2.05 to $2.15. For the first quarter of 2014, it expects revenue to be approximately $2.6 billion and earnings per share (EPS) from continuing operations before special items to be in the range of $0.43 to $0.45. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.6 billion and EPS of $0.47 for the first quarter of 2014; revenue of $11.1 billion and EPS of $2.14 for fiscal 2014.  Full Article

Tyco International Ltd Acquired Westfire Inc
Thursday, 14 Nov 2013 06:05am EST 

Tyco International Ltd announced the acquisition of Westfire Inc, special-applications fire protection services with operations in the United States, Chile and Peru. Westfire provides critical special-hazard suppression and detection applications in mining, telecommunications and other vertical markets. The transaction closed on November 8, 2013. Financial terms were not disclosed.  Full Article

Tyco's ADT deal puts spotlight on resurgent South Korea M&A market

HONG KONG - The volume of M&A activity in South Korea has posted its strongest start to the year since 2008, rising 18 percent to date and dominated by a spate of private equity dealmaking.

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