take place immediately prior to the offering. The proceeds of the offering will be received by Tyco's subsidiary, Tyco Capital Holding Inc. as the selling stockholder. CIT will receive the proceeds from the underwriters' over-allotment option if it is exercised. Goldman, Sachs & Co. and Lehman Brothers will serve as Joint Book-runners.
A registration statement relating to these securities has been filed with the U. S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time of the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
A copy of the prospectus relating to the offering, when available, may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004 (telephone 212-902-1000); or Lehman Brothers, 745 Seventh Avenue, New York,
NY 10019 (telephone 212-526-7000).
This press release is issued by Tyco International Ltd., The Zurich Centre,
Second Floor, 90 Pitts Bay Road, Pembroke, HM 08, Bermuda.