Deals
Tyco’s Shareholders Approve Flow Control, ADT Business Spinoffs
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Tyco International Ltd. shareholders have approved the spinoffs of its flow-control business and ADT North America home security operations.
The flow-control products and services business, which sells industrial valves, expects to formally merge with Pentair Inc. on Sept. 28 to shareholders of record today and be renamed Pentair Ltd., Tyco said. It also said quarterly guidance for the flow control business remain unchanged.