Tyco International News

Overview -- Tyco International Ltd. has outlined its preliminary post-separation capital structure and dividend objectives, and the business strategy for its remaining commercial security and fire protection business.

May 24 - Upon completion of Tyco International Ltd.'s planned spin-off of the ADT North America Residential and Flow Control businesses, Fitch Ratings expects to assign an Issuer Default Rating of 'BBB+' to ADT and a short-term IDR of 'F2'. Fitch also expects to assign long- and short-term debt ratings for ADT as debt is issued, refinanced or ... (more)

May 18 - Fitch Ratings has removed the ratings for Tyco International Ltd. and Tyco International Finance S.A. from Rating Watch Evolving and affirmed the long-term Issuer Default Rating at 'A-' and short-term IDR at 'F2'. The Rating Outlook is Stable.

Mark Swartz, former Chief Financial Officer of Tyco International, is now suing his ex-employer for about $60 million in retirement agreements and tax reimbursements, Reuters reports .

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world.

Katherine Brierley of Coventry was awarded the National Volunteer Fire Council's Junior Firefighter of the Year Award at a special ceremony during the NVFC board meeting on April 28 in Alexandria, VA.