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Visonic Ltd agrees acquisition by Tyco International
[September 15, 2011]

Visonic Ltd agrees acquisition by Tyco International


Sep 15, 2011 (TELECOMWORLDWIRE via COMTEX) -- Visonic Ltd (TASE:VSC.TA), a supplier of wireless home security and safety systems and components, revealed today that it has entered into an agreement to be acquired by Tyco International (NYSE:TYC) for approximately USD100m in cash.



The agreed purchase price represents approximately USD2.26 per share.

The acquisition by Tyco's Security Products business unit is expected to help expand both companies' security technologies and products to new markets.


Visonic's wireless security technology is also expected to complement and broaden Tyco Security Products' Intrusion business.

Subject to customary closing conditions, which include regulatory clearance and the approval of Visonic's stockholders, the acquisition is expected to be completed around the end of 2011.

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