|By PR Newswire||
|April 9, 2014 04:14 PM EDT|
NEUHAUSEN, Switzerland, April 9, 2014 /PRNewswire/ -- Tyco (NYSE: TYC) announced today that its remaining stake in Atkore International, the company's former electrical and metal products business, has been redeemed by Atkore in a cash transaction valued at approximately $250 million.
Tyco previously sold a majority interest in Atkore to Clayton, Dubilier & Rice, LLC, in 2010.
Tyco (NYSE: TYC) is the world's largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. A company with $10+ billion in annual revenue, Tyco has over 65,000 employees in more than 1,000 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business. For more information, visit www.tyco.com.