Tyco’s EMP unit to operate as stand-alone in $1B CD&R deal

Nov 10, 2010 | 12:02 PM | Michael Cowden

Tyco International Ltd. plans to sell a 51-percent stake in its Electrical and Metal Products (EMP) division to private equity firm Clayton Dubilier & Rice LLC (CD&R).

The approximately $1-billion deal comes as Tyco seeks to cuts its exposure to "cyclical" steel and copper markets, Schaffhausen, Switzerland-based Tyco said Tuesday. The move will yield Tyco $720 million in cash to speed up a $1-billion share-buyback program announced Sept. 8.

The Harvey, Ill.-based EMP unit will operate as a "stand-alone" entity, Tyco said.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results