Monday, April 11, 2011

Schneider may be interested in Tyco

Deal would allow Schneider to expand beyond electric-grid management

Paris-based Schneider Electric SA is looking at possibly acquiring Tyco International, Bloomberg News is reporting. Bloomberg said Tyco would help Schneider expand beyond electric-grid management by adding ADT, the biggest securities firm owned by Tyco, as well as fire-prevention equipment and services.

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