Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Dec 10 9:30 AM EST

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To: Glenn Petersen who wrote (3696)	6/20/2014 12:19:12 AM
From: Sr K	1 Recommendation Recommended By Glenn Petersen Read Replies (3) of 7126

The former Tyco used an inversion in 1997 when buying ADT. That's how it got incorporated in Bermuda. en.m.wikipedia.org In July 1997, Tyco merged by reverse takeover with smaller publicly traded security services company named ADT Limited, controlled by Lord Ashcroft. Upon consummation of the merger, Tyco International Ltd. of Massachusetts became a wholly owned subsidiary of ADT Limited, and simultaneously ADT changed its name to Tyco International Ltd., retaining the former Tyco stock symbol, TYC. The merger moved Tyco’s incorporation to Bermuda, where it was headquartered in the colonial capital of Hamilton. A new subsidiary named ADT Security Services was also formed out of the merger.[ citation needed] Some of the Tyco pieces are COV TE Connectivity, somewhere in Mexico (not traded on a U.S. exchange) Tyco International (TYC) CIT MTSI ADT (a recent spinoff) MNK

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