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Tyco International Ltd. To Acquire Simplex Time Recorder Co.
- Article from:
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PR Newswire
- Article date:
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December 4, 2000
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Copyright informationCOPYRIGHT 2000 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Acquisition Will Have Immediate Positive Impact on Earnings; Enhances Strong Recurring Revenue Base and Strengthens Tyco Fire & Security's Service and Manufacturing Capabilities
PEMBROKE, Bermuda, Dec. 4 /PRNewswire/ --
Tyco International Ltd. (NYSE: TYC; LSE: TYI; BSX: TYC), a diversified manufacturing and service company, today announced that the Company has entered into a definitive agreement pursuant to which Tyco will acquire Simplex Time Recorder Co., a privately held company headquartered in Westminster, MA, USA, for $1.15 billion in cash.
Simplex Time Recorder Co. ("Simplex") manufactures a leading brand of fire and security products and communications ...
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