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Tyco to split in three, again

September 19, 2011Martha Entwistle

SCHAFFHAUSEN, Switzerland—Tyco International plans to split into three independent, publicly traded companies, according to a plan unanimously approved by the board of directors and announced this morning. The new companies will be:� ADT North America residential security business; Tyco Fire and Security; and, Flow Control. This is the latest in a series of spin offs and splits of the Tyco conglomerate that was assembled by former Tyco CEO, Dennis Koslowski, in the 1990s.� Current...

ADT Commercial, Flow Control, George Oliver, Jeff Kessler, John Kenning, Johnson Controls (JCI), publicly traded companies