BOCA RATON, Fla. (AP) — Security business ADT Corp. is an independent public company, spun off from Tyco International Ltd.
Tyco announced Friday that it completed its long-planned separation into three publicly traded companies covering its ADT North America residential security business, flow control products and commercial fire equipment.
Switzerland-based Tyco said in March that it would combine its flow control business with those of Pentair Inc. in an all-stock deal worth about $4.53 billion, joining two of the biggest players in water and fluid products systems. That deal also closed on Friday.
ADT, which is based in Boca Raton, Fla., said Monday that it has 6.4 million customers, 16,000 employees and had $3.1 billion in revenue in 2011.
ADT’s shares are listed on the New York Stock Exchange under the “ADT” ticker symbol.
