Tyco International PLC (TYC.N) Key Developments | Reuters.com
Edition:
United States

Tyco International PLC (TYC.N)

TYC.N on New York Stock Exchange

40.94USD
28 Jun 2016
Change (% chg)

$0.72 (+1.79%)
Prev Close
$40.22
Open
$40.63
Day's High
$41.00
Day's Low
$40.01
Volume
2,343,444
Avg. Vol
961,437
52-wk High
$43.98
52-wk Low
$28.94

Latest Key Developments (Source: Significant Developments)

TE Connectivity was reimbursed $305 million by Tyco International and Covidien pursuant to their indemnifications for pre-separation tax matters
Tuesday, 31 May 2016 06:19pm EDT 

Te Connectivity Ltd : Company's net cash payment was $140 million during q2 of fiscal 2016, representing company's share of total amount payable to irs . Was reimbursed $305 million by tyco international and covidien pursuant to their indemnifications for pre-separation tax matters .Company paid $2 million to covidien for company's share of deficiencies for which covidien was primary obligor.  Full Article

Johnson Controls says Tyco head George Oliver to serve as CEO of new company
Friday, 27 May 2016 08:00am EDT 

Johnson Controls Inc : Johnson Controls and Tyco announce future executive leadership team upon close of planned merger . Tyco chief executive officer George Oliver will serve as president and chief operating officer of new co . Alex Molinaroli will serve as chairman and chief executive officer for 18 months after closing for combined co . Oliver will become CEO and Molinaroli will become executive chair for one year, after which Oliver will become chairman, CEO .Brian Stief will serve as executive vice president & chief financial officer for combined co.  Full Article

Tyco International PLC Tightens FY 2016 EPS guidance; gives Q3 2016 EPS guidance
Friday, 29 Apr 2016 06:00am EDT 

Tyco International PLC:Provides guidance for Q3 2016 EPS before special items of $0.52 - $0.54.Tightens guidance range for FY 2016 EPS before special items to $2.05 - $2.10 from previous $2.05 - $2.20.  Full Article

Tyco International PLC declares quarterly dividend
Monday, 14 Mar 2016 09:00am EDT 

Tyco International PLC:Declares quarterly dividend of $0.205 per share for the third quarter of fiscal 2016.Payable on May 18, 2016, to shareholders of record at the close of NYSE trading on April 22, 2016.  Full Article

Johnson Controls and Tyco to Merge
Monday, 25 Jan 2016 07:00am EST 

Johnson Controls Inc:Says the company and Tyco have entered into a definitive merger agreement under which Johnson Controls will combine with Tyco.Under the terms of the agreement, which has been unanimously approved by both companies' Boards of Directors.Johnson Controls shareholders will own about 56 percent of the equity of the combined company and receive aggregate cash consideration of about $3.9 billion.Current Tyco shareholders will own about 44 percent of the equity of the combined company.Under the terms of the proposed transaction, the businesses of Johnson Controls and Tyco will be combined under Tyco International plc, which will be renamed "Johnson Controls plc".Companies expect that shares of the combined company will be listed on the New York Stock Exchange and trade under the "JCI" ticker.Completion of the transaction, which is expected by the end of fiscal year 2016.  Full Article

Tyco International PLC to acquire ShopperTrak
Tuesday, 22 Dec 2015 08:47am EST 

Tyco International PLC:Reached a definitive agreement to acquire ShopperTrak, a provider of retail consumer behavior insights and location-based analytics, for approximately $175 million in cash.No impact to fiscal 2016 earnings guidance.Says deal is expected to be $0.02 accretive in first 12 months, excluding impact of purchase price accounting.Acquisition is expected to be neutral to earnings in the first 12 months following the completion of the transaction.  Full Article

Tyco International PLC declares dividend
Tuesday, 8 Dec 2015 09:00am EST 

Tyco International PLC:Sets quarterly dividend of $0.205 per share.  Full Article

Tyco International PLC rreaffirms Q1, FY 2016 EPS guidance
Friday, 4 Dec 2015 06:00am EST 

Tyco International PLC:Says Tyco's earnings per share before special items guidance of $2.05 - $2.20 for FY 2016 and approximately $0.40 for the Q1 2016 remain unchanged.Q1 2016 EPS of $0.40 - Thomson Reuters I/B/E/S.FY 2016 EPS of $2.10 - Thomson Reuters I/B/E/S.  Full Article

Tyco Expands Investment in Middle East Business; Agrees to Sell Australian Fire Protection Business
Friday, 4 Dec 2015 06:00am EST 

Tyco International PLC:Says made an additional investment in its Tyco UAE joint venture with local partner Suwaidi Engineering Group.separately, has reached a definitive agreement to sell its fire detection and protection business in Australia to Evergreen Capital, L.P.Tyco's Australian fire detection and protection business designs, installs and services fire safety systems and equipment, and offers a range of fire protection services.It also provides specialist fire protection services to several industries including mining, marine, industrial, commercial and retail.Details of the agreement were not disclosed.Transaction is expected to close in Tyco's fiscal second quarter of 2016, subject to customary closing conditions.Transactions are not expected to significantly impact the company's earnings.  Full Article

Tyco International PLC announces leadership changes
Tuesday, 13 Oct 2015 08:30am EDT 

Tyco International PLC:Appoints robert e. olson executive vice president & chief financial officer as part of planned transition; arun nayar to retire.Nayar will retire from company at the end of this calendar year and will serve in an advisory capacity for the next several months.Says most recently, olson served as executive vice president and chief financial officer of Dish Network Corporation.Says most recently, olson served as the executive vice president and chief financial officer of DISH Network Corp.Reaffirmed guidance of $0.60 to $0.62 of earnings per share from Q4 continuing operations before special items.  Full Article

BRIEF-TE Connectivity was reimbursed $305 million by Tyco International and Covidien pursuant to their indemnifications for pre-separation tax matters

* Company's net cash payment was $140 million during q2 of fiscal 2016, representing company's share of total amount payable to irs