EX-99.1
2
a06-5359_1ex99d1.htm
EXHIBIT 99
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contacts:
News Media
Investor Relations
Sheri Woodruff
Ed Arditte
609-720-4399
609-720-4621
swoodruff@tyco.com
John Roselli
609-720-4624
Karen Chin
609-720-4398
TYCO INTERNATIONAL ANNOUNCES CLOSE OF SALE OF
PLASTICS, ADHESIVES
AND LUDLOW COATED PRODUCTS BUSINESSES TO APOLLO
MANAGEMENT
PEMBROKE, Bermuda -
Feb.
16, 2006 - Tyco International Ltd., (NYSE: TYC; BSX: TYC) today announced that
it has closed the previously-announced sale of its Plastics, Adhesives and
Ludlow Coated Products businesses to an affiliate of private investment firm Apollo
Management, L.P., for $975 million in cash.
Total 2005 revenue for these businesses was $1.7
billion. Tyco's A&E Products Group, a leading global producer of plastic garment
hangers, is not included in this transaction - and is being sold separately.
ABOUT TYCO INTERNATIONAL
Tyco International Ltd. is a global, diversified
company that provides vital products and services to customers in four business
segments: Fire & Security, Electronics, Healthcare, and Engineered Products
& Services. With 2005 revenue of $40 billion, Tyco employs approximately
250,000 people worldwide. More information on Tyco can be found at www.tyco.com.
# # #

EX - 99 . 1 2 a06 - 5359 _ 1ex99d1 . htm EXHIBIT 99 Exhibit 99 . 1 FOR IMMEDIATE RELEASE Contacts : News Media Investor Relations Sheri Woodruff Ed Arditte 609 - 720 - 4399 609 - 720 - 4621 swoodruff@tyco.com John Roselli 609 - 720 - 4624 Karen Chin 609 - 720 - 4398 TYCO INTERNATIONAL ANNOUNCES CLOSE OF SALE OF PLASTICS , ADHESIVES AND LUDLOW COATED PRODUCTS BUSINESSES TO APOLLO MANAGEMENT PEMBROKE , Bermuda - Feb . 16 , 2006 - Tyco International Ltd . , ( NYSE : TYC ; BSX : TYC ) today announced that it has closed the previously - announced sale of its Plastics , Adhesives and Ludlow Coated Products businesses to an affiliate of private investment firm Apollo Management , L . P . , for $ 975 million in cash . Total 2005 revenue for these businesses was $ 1.7 billion . Tyco 's A & E Products Group , a leading global producer of plastic garment hangers , is not included in this transaction - and is being sold separately . ABOUT TYCO INTERNATIONAL Tyco International Ltd . is a global , diversified company that provides vital products and services to customers in four business segments : Fire & Security , Electronics , Healthcare , and Engineered Products & Services . With 2005 revenue of $ 40 billion , Tyco employs approximately 250,000 people worldwide . More information on Tyco can be found at www.tyco.com . # # #