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Tyco sets stock distribution date for ADT split

September 7, 2012Tess Nacelewicz

The big development we're all awaiting in the industry is ADT parent company Tyco International's split into three independently traded companies as of Oct. 1: The ADT Corp., Tyco Fire and Security and Tyco Flow Control International, which will be renamed Pentair Ltd. In advance of the split, Tyco put out a news release this week announcing that Sept. 28 will be the date that distributions of equity interests in The ADT Corp. and Flow Control will be made to shareholders. Those two companies...

New York Stock Exchange, Pentair Inc., Pentair Ltd.

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