Tyco International Files 8K - Other Events

Tyco International Ltd. (TYC) filed a Form 8K - Other Events - with the U.S Securities and Exchange Commission on May 16, 2014.

Tyco International Ltd. ("Tyco" or the "Company") is filing this Form 8-K to update financial information and certain related disclosures in the Company's Quarterly Report on Form 10-Q for the quarter ended December 27, 2013 to reflect the presentation of the Company's South Korean security business as a discontinued operation. This update is consistent with the presentation of continuing and discontinued operations included in the Company's Form 10-Q for the second quarter ended March 28, 2014 filed with the Securities and Exchange Commission ("SEC") on April 25, 2014.

As previously disclosed on March 4, 2014, Tyco Far East Holdings Ltd., a wholly-owned subsidiary of Tyco, entered into a Stock Purchase Agreement with an affiliate of The Carlyle Group for the sale of Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries that form and operate the Company's South Korean security business. Pursuant to the Stock Purchase Agreement, Tyco will sell 100% of the issued and outstanding capital stock of Tyco Fire & Security Services Korea Co. Ltd. for a purchase price of $1.93 billion, subject to customary adjustments. The Company expects the sale to close during the third quarter of fiscal 2014. Tyco expects to recognize a gain on sale upon closing of the agreement.

Exhibits filed with this Form 8-K and incorporated into this Item 8.01 by reference revise those areas contained in the Company's Quarterly Report on Form 10-Q for the quarter ended December 27, 2013 to reflect the presentation of the historical operating results of the South Korean security business as a discontinued operation and supersede those portions of the Company's Quarterly Report on Form 10-Q for the quarter ended December 27, 2013.

Information in the first quarter 2014 Form 10-Q has not been updated for other events or developments that occurred subsequent to the filing of the first quarter 2014 Form 10-Q with the SEC. For additional information related to developments since the filing of the first quarter 2014 Form 10-Q, refer to the Company's Form 10-Q for the period ending March 28, 2014 and the Company's Forms 8-K filed since the filing of the first quarter 2014 Form 10-Q. The information in this Form 8-K, including the exhibits, should be read in conjunction with the first quarter 2014 Form 10-Q and subsequent SEC filings.

The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/833444/000083344414000066/a8-kcoverintroq114.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/833444/000083344414000066/0000833444-14-000066-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

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