Tyco International Announces Results of its Offer to Repurchase LYONs(TM) Due 2020
20 Noviembre 2007 - 10:00AM
PR Newswire (US)
PEMBROKE, Bermuda, Nov. 20 /PRNewswire-FirstCall/ -- Tyco
International Ltd. (NYSE:TYC) (BSX:TYC) today announced the results
of its offer to repurchase its Liquid Yield Option(TM) Notes due
2020 (Zero Coupon-Senior) (the "LYONs"). The holders' option to
surrender their LYONs for repurchase expired at 5:00 p.m., Eastern
Time, on Monday, Nov. 19, 2007. Tyco has been advised by the
trustee, U.S. Bank National Association, that LYONs with an
aggregate principal amount at maturity of $57,000.00, were validly
surrendered for repurchase and not withdrawn, and Tyco has
repurchased all such LYONs. The purchase price for the LYONs was
$823.44 in cash per $1,000 in principal amount at maturity. The
aggregate purchase price for all of the LYONs validly surrendered
for repurchase and not withdrawn was $46,936.08. After the
repurchase, a total of $351,000.00 in principal amount of the LYONs
remains outstanding. ABOUT TYCO INTERNATIONAL Tyco International
(NYSE:TYC) is a diversified, global company that provides vital
products and services to customers in more than 60 countries. Tyco
is a leading provider of security products and services, fire
protection and detection products and services, valves and
controls, and other industrial products. Tyco completed the
spin-off of its healthcare and electronics businesses on June 29,
2007 and today has annual revenues of more than $18 billion and
110,000 employees. More information on Tyco can be found at
http://www.tyco.com/. NOTE: "Liquid Yield Option" and "LYONs" are
Trademarks of Merrill Lynch & Co., Inc. FORWARD-LOOKING
STATEMENTS This release may contain certain "forward-looking
statements". These statements are based on management's current
expectations and are subject to risks, uncertainty and changes in
circumstances, which may cause actual results, performance or
achievements to differ materially from anticipated results,
performance or achievements. All statements contained herein that
are not clearly historical in nature are forward-looking and the
words "anticipate," "believe," "expect," "estimate," "plan," and
similar expressions are generally intended to identify
forward-looking statements. The forward- looking statements in this
release include statements addressing the following subjects:
future financial condition and operating results. Economic,
business, competitive and/or regulatory factors affecting Tyco's
businesses are examples of factors, among others, that could cause
actual results to differ materially from those described in the
forward-looking statements. Tyco is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise. More detailed information about these
and other factors is set forth in Tyco's Annual Report on Form 10-K
for the fiscal year ended Sept. 29, 2006, and Quarterly Report on
Form 10-Q for the quarterly period ended June 29, 2007. DATASOURCE:
Tyco International Ltd. CONTACT: Media, Paul Fitzhenry,
+1-609-720-4261, , or Investor Relations, Ed Arditte,
+1-609-720-4621, or Karen Chin, +1-609-720-4398, all of Tyco
International Ltd. Web site: http://www.tyco.com/
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