The stock sale will increase the number of Tyco International shares outstanding four percent to approximately 572 million. The underwriting group for the offering, led by Merrill Lynch & Co. and including Credit Suisse First Boston, Lehman Brothers, and J.P. Morgan & Co. plans to market the approximately 22 million shares in the U.S. and internationally.
Tyco International Ltd., a diversified manufacturing and service company, is the world's largest manufacturer and installer of fire protection systems, the largest provider of electronic security services in North America and the United Kingdom and has strong leadership positions in disposable medical products, packaging materials, flow control products, electrical and electronic components and underwater telecommunications systems. The Company operates in more than 75 countries around the world and has annual revenues in excess of $11 billion.