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Pentair Ltd.

ADT set to 'go it alone'

CEO of The ADT Corp. squelches rumors new entity will be takeover target
 - 
09/18/2012

BOCA RATON, Fla.—Tyco International shareholders voted Monday to approve splitting Tyco into three separate companies—one of them ADT, another a commercial fire and security business, and the third a flow control unit. ADT officials say they’re eager to see ADT become a stand-alone company, providing security and interactive services to residences and small businesses and focused on innovation and growth.

Tyco sets stock distribution date for ADT split

 - 
Friday, September 7, 2012

The big development we’re all awaiting in the industry is ADT parent company Tyco International’s split into three independently traded companies as of Oct. 1: The ADT Corp., Tyco Fire and Security and Tyco Flow Control International, which will be renamed Pentair Ltd.