Tyco Announces Results of its Offer to Repurchase LYONs(TM) Due 2020
November 18 2005 - 12:54PM
PR Newswire (US)
PEMBROKE, Bermuda, Nov. 18 /PRNewswire-FirstCall/ -- Tyco
International Ltd. (NYSE:TYC)(BSX:TYC) today announced the results
of its offer to repurchase its Liquid Yield Option(TM) Notes due
2020 (Zero Coupon-Senior) (the "LYONs"). The holders' option to
surrender their LYONs for repurchase expired at 5:00 p.m., Eastern
Time on Thursday, Nov. 17, 2005. Tyco has been advised by the
trustee, U.S. Bank National Association, that LYONs with an
aggregate principal amount at maturity of $1,432,300.00 were
validly surrendered for repurchase and not withdrawn, and Tyco has
repurchased all such LYONs. The purchase price for the LYONs was
$799.19 in cash per $1,000 in principal amount at maturity. The
aggregate purchase price for all of the LYONs validly surrendered
for repurchase and not withdrawn was $1,144,679.84. ABOUT TYCO
INTERNATIONAL Tyco International Ltd. is a global, diversified
company that provides vital products and services to customers in
five business segments: Fire & Security, Electronics,
Healthcare, Engineered Products & Services, and Plastics &
Adhesives. With 2005 revenue of $40 billion, Tyco employs
approximately 250,000 people worldwide. More information on Tyco
can be found at http://www.tyco.com/. NOTE: "Liquid Yield Option"
and "LYONs" are Trademarks of Merrill Lynch & Co., Inc.
FORWARD-LOOKING STATEMENTS This release may contain certain
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are
subject to risks, uncertainty and changes in circumstances, which
may cause actual results, performance or achievements to differ
materially from anticipated results, performance or achievements.
All statements contained herein that are not clearly historical in
nature are forward-looking and the words "anticipate," "believe,"
"expect," "estimate," "plan," and similar expressions are generally
intended to identify forward-looking statements. The
forward-looking statements in this release include statements
addressing the following subjects: future financial condition and
operating results. Economic, business, competitive and/or
regulatory factors affecting Tyco's businesses are examples of
factors, among others, that could cause actual results to differ
materially from those described in the forward-looking statements.
Tyco is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements
whether as a result of new information, future events or otherwise.
More detailed information about these and other factors is set
forth in Tyco's Annual Report on Form 10-K for the fiscal year
ended Sept. 30, 2004, and Quarterly Report on Form 10-Q for the
quarterly period ended July 1, 2005. DATASOURCE: Tyco International
Ltd. CONTACT: Media Relations: Sheri Woodruff, +1-609-720-4399, ,
or Investor Relations: Ed Arditte, +1-609-720-4621, or John
Roselli, +1-609-720-4624, all of Tyco Web site:
http://www.tyco.com/ Company News On-Call:
http://www.prnewswire.com/comp/897850.html
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