Tyco Puts ‘For Sale’ Sign on Sonitrol
NEW YORK — Expect most of Tyco Fire and Security’s upcoming divestitures to come from its fire-related companies, though it appears Sonitrol Corp. is on the block. That’s the word from Tyco Fire and Security President Dave Robinson in a meeting with investors.
Robinson said during the Feb. 18 conference call that Tyco is talking to several buyers for Sonitrol and expects to complete the sale by the end of this month. Robinson says the ending of Tyco’s relationship with the company shouldn’t be a negative reflection on Sonitrol.
“We had great interest in it because it’s a great business. It’s going to do well with a new buyer fairly soon,” says Robinson, who adds that Sonitrol’s operations are in conflict with Tyco’s security powerhouse, ADT. “These businesses aren’t bad businesses by and large. They’re just not part of what we do on a daily basis or there are conflicts with our other businesses.”
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