John Linehan, portfolio manager of the the T. Rowe Price Equity Income Fund, sold out his remaining -6,740,104 shares of Tyco International (NYSE:TYC) for an average price of $46.27 per share during the third quarter. The trade had a -1.42% impact on the portfolio.
Tyco International was organized under the laws of Switzerland. The company was created as a result of the July 1997 acquisition of Tyco International Ltd., a Massachusetts corporation, by ADT Limited, a public company organized under the laws of Bermuda, at which time ADT Limited changed its name to Tyco International Ltd. Tyco International is a leading provider of security products and services, fire detection and suppression products and services and life safety products. The company’s portfolio of products and services are sold under the brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT. The company operates and reports financial and operating information in three segments: North America Integrated Solutions & Services, Rest of World and Global Product Designs. Continue Reading »