Skip to main content

This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Tyco Files Amended Annual And Quaterly Reports

PEMBROKE, Bermuda - April 20, 2007 - Tyco International Ltd. (NYSE: TYC; BSX: TYC) announced today that it has filed an amended Form 10-K/A for the fiscal year ended Sept. 29, 2006 and Form 10-Q/A for the quarter ended Dec. 29, 2006.  The purpose of the filings is to correct certain income tax items discovered during the second quarter of 2007, along with other income tax matters previously identified, corrected and disclosed in the company's Form 10-Q for the quarter ended March 30, 2006.  Correction of these items results in an aggregate understatement of income tax expense of $14 million. In addition, the amendment includes the reclassification of a Tyco Engineered Products & Services joint venture as a discontinued operation.  While there was no material misstatement of the company's financial statements in any prior period, the amended filings report a material weakness related to certain aspects of the company's control processes for its income tax accounting.  The company is taking action to remediate these control processes.

 

ABOUT TYCO INTERNATIONAL

Tyco International Ltd. is a global, diversified company that provides vital products and services to customers in four business segments: Electronics, Fire & Security, Healthcare, and Engineered Products & Services. 

 

Contacts:                   News Media                                     Investor Relations

                                    Sheri Woodruff                                Ed Arditte

609-720-4399   609-720-4621

swoodruff@tyco.com                                    Karen Chin

                                                            609-720-4398