Updated 08/07/01

Tyco to Acquire Sensormatic
Source: Tyco's press release

Tyco International Ltd. and Sensormatic Electronics Corporation announced on August 3 that they have entered into a definitive agreement, pursuant to which a subsidiary of Tyco will acquire Sensormatic in a stock-for-stock transaction. 

The transaction is valued at approximately $2.3 billion, including the assumption of $116 million of net debt. 

This transaction, which will be accounted for as a purchase, is contingent upon customary regulatory review and certain other conditions. The Boards of Directors of both companies have approved the transaction, which is expected to be tax-free to shareholders of Sensormatic.

Home | Site Map | News | E-mail Us
About CSAA | Membership Directory
Board & Staff | Committees
Publications | Standards
Issues | Links
Training | Calendar | Meetings