-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WO8aNzsBwu8tw+SMDiNIFybCAKUWbH9y19GDD/1KuettSQ/Wx/MZe37VYApPqs0Y dSKm9LjHGyRofSaEQggDXQ== 0000950103-97-000447.txt : 19970704 0000950103-97-000447.hdr.sgml : 19970704 ACCESSION NUMBER: 0000950103-97-000447 CONFORMED SUBMISSION TYPE: SC 14D9/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970703 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADT LIMITED CENTRAL INDEX KEY: 0000833444 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43685 FILM NUMBER: 97636237 BUSINESS ADDRESS: STREET 1: CEDAR HOUSE 41 CEDAR AVE CITY: HAMILTON HM 12 BERMU STATE: D0 BUSINESS PHONE: 8092952244 MAIL ADDRESS: STREET 1: 2255 GLADES RD STE 421A CITY: BOCA RATON STATE: FL ZIP: 334310835 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ADT LIMITED CENTRAL INDEX KEY: 0000833444 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A BUSINESS ADDRESS: STREET 1: CEDAR HOUSE 41 CEDAR AVE CITY: HAMILTON HM 12 BERMU STATE: D0 BUSINESS PHONE: 8092952244 MAIL ADDRESS: STREET 1: 2255 GLADES RD STE 421A CITY: BOCA RATON STATE: FL ZIP: 334310835 SC 14D9/A 1 ============================================================================== SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------ SCHEDULE 14D-9 (AMENDMENT NO. 17 FINAL) Solicitation/Recommendation Statement Pursuant to Section 14(d)(4) of the Securities Exchange Act of 1934 TYCO INTERNATIONAL LTD. (formerly ADT Limited) (Name of Subject Company) TYCO INTERNATIONAL LTD. (formerly ADT Limited) (Name of Person(s) Filing Statement) Common Shares, par value $0.20 per share (including the associated preference stock purchase rights) (Title of Class of Securities) 902124 10 6 (CUSIP Number of Class of Securities) Mark H. Swartz c/o Tyco International (US) Inc. One Tyco Park Exeter, NH 03833 (603) 778-9700 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement) With a copy to: Joshua M. Berman, Esq. Kramer, Levin, Naftalis & Frankel 919 Third Ave. New York, New York 10022 ============================================================================== INTRODUCTION The Solicitation/Recommendation Statement on Schedule 14D-9 (the "Schedule 14D-9") originally filed on March 4, 1997, by Tyco International Ltd., a Bermuda corporation, (formerly ADT Limited; the "Company") relates to an offer by Western Resources, Inc., a Kansas corporation ("Western"), to exchange a combination of Western common stock, par value $5.00 per share, and cash for any and all of the outstanding common shares, par value $0.10 per share, including the associated preference stock purchase rights, of the Company (now with par value $0.20 per share; the "Common Shares"). All capitalized terms used herein without definition have the respective meanings set forth in the Schedule 14D-9. Item 2. Tender Offer of the Bidder. The response to Item 2 is hereby amended by adding the following after the final paragraph of the prior response under Item 2: On July 2, 1997 Western filed Amendment No. 12 to its Schedule 14D-1 relating to the Western Offer attaching a press release announcing the withdrawal of the Western Offer. Item 3. Identity and Background. The response to Item 3(b)(1) is hereby amended by adding the following immediately before the paragraph under Item 3(b)(1) beginning "To the extent that . . .": On July 2, 1997 the Board resolved, by unanimous written consent, (i) that with respect to the Western Offer only, the Distribution Date (as defined in the Rights Plan) for the Rights shall be the date on which Western accepts for exchange or exchanges any shares of the Company pursuant to the Western Offer or such earlier date as may be determined by the Board and that the Distribution Date in any other circumstances shall be the date as provided for in the Rights Plan and (ii) to effect certain changes to the Rights Plan as set forth in the Second Amendment to Rights Agreement, dated as of July 2, 1997 (the "Second Amendment"). The Second Amendment was effected (i) to reflect the fact of a reverse stock split of the Company's Common Shares contemplated by the Merger Agreement by changing the definition of "Common Shares" to refer, from and after the effectiveness of the Reverse Stock Split (as defined in the Merger Agreement), to the common shares of the Company, par value $0.20, as adjusted by the Reverse Stock Split and (ii) to affirmatively provide that no Distribution Date shall occur and no person shall become an Acquiring Person under the Rights Plan, as amended, by reason or as a result of the consummation of the Merger or any other transactions contemplated by the Merger Agreement. Item 7. Certain Negotiations and Transactions by the Subject Company. The response to Item 7 is hereby amended by adding the following after the final paragraph of the prior response under Item 7: On July 2, 1997 the Merger was consummated as described in the press release attached hereto as Exhibit 99.60 and incorporated herein by reference. Item 8. Additional Information to be Furnished. The response to Item 8 is hereby amended by adding the following after the paragraph beginning "On May 29, 1997 WCI applied to the Bermuda Court . . ." under "Certain Litigation": In an order made on June 12, 1997, agreed to by the Company and WCI, the Bermuda Court made no order on the Company's motion to strike out WCI's petition (without prejudice to the Company's ability to renew such motion in the future) and allowed the amendments to the petition sought by WCI and a further amendment to delete the prayer for an order that the Merger be enjoined unless shareholders are accorded appraisal rights. WCI agreed to make an application to stay the proceedings in the U.S. District Court for the Southern District of Florida. Item 9. Material to be Filed as Exhibits. The response to Item 9 is hereby amended by adding the following new exhibit: Exhibit 99.60 Tyco Press Release dated July 2, 1997. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. TYCO INTERNATIONAL LTD. By: /s/ Mark H. Swartz ------------------------------ Mark H. Swartz Chief Financial Officer and Executive Vice President (Principal Financial Officer and Principal Accounting Officer) Dated: July 3, 1997 EX-99.60 2 EXHIBIT 99.60 FOR IMMEDIATE RELEASE CONTACT: David P. Brownell Senior Vice President Tyco International (US) Inc. (603) 778-9700 TYCO INTERNATIONAL COMPLETES MERGER WITH ADT Hamilton, Bermuda, July 2, 1997--Tyco International Ltd. (NYSE-TYC) reported that the previously announced merger with ADT Limited was completed today, following the approval of the transaction by the shareholders of the two companies at separate meetings held earlier in the day. In the merger, shareholders of Tyco received one share of the combined company for each share of Tyco stock held. Shareholders of ADT received 0.48133 shares of the combined company for each share of ADT stock held. Former shareholders of Tyco own approximately 64 percent of the combined company, which adopted the name Tyco International Ltd. Shares of the combined company will trade on the New York Stock Exchange under the symbol "TYC" and will also trade on the London and Bermuda Stock Exchanges. The combination results in the largest fire and security business in the world. The ADT electronic security business serves over 1.8 million industrial, commercial and residential customers and is the largest provider of electronic security services in North America and the United Kingdom. The Tyco Fire and Safety Services segment, which now includes the ADT electronic security business, provides fire protection, detection and security systems and services to industrial, commercial and residential customers in over 50 countries around the world. The Fire and Safety Services segment will have sales of over $4.5 billion, of which $2.0 billion will be recurring revenues from service related businesses. "The combination of the ADT security business with Tyco's Fire and Safety Services group creates the world's premier fire and security company and provides us with the opportunity to serve these growing markets with a complete product package including design, installation, service and inspection," said L. Dennis Kozlowski, Tyco's chairman and chief executive officer. "This full service capability enhances our company wide strategy of expanding our position in higher margin service related business," he concluded. Tyco International, a diversified manufacturing and service company, is the world's largest manufacturer and installer of fire and safety systems, the largest provider of electronic security services in North America and the United Kingdom and has strong leadership positions in disposable medical products, packaging materials, flow control products, electrical and electronic components and underwater telecommunication systems. The Company operates in more than 50 countries around the world and has annual revenues of approximately $10 billion. http://www.tycoint.com -----END PRIVACY-ENHANCED MESSAGE-----