Re: ADT Essential Wireless Package

[J. <jsloud2001<removeme>@netscape.net>]

On Mon, 31 Jul 2006 22:03:54 -0400, Danny <d@xxxxx> wrote:

>Doug L wrote:
>> http://www.sourcewatch.org/index.php?title=Tyco_International_Ltd.
>> merged into ADT Limited, a Bermuda corporation. The name of the combined
>> company was changed from ADT Limited to Tyco International,
>>
>> http://www.businessweek.com/magazine/content/01_22/b3734001.htm
>> When Tyco snapped up Bermuda-based ADT, he structured the deal as a reverse
>> merger, moving Tyco's headquarters to an island haven where the corporate
>> tax rate is zero
>>
>> http://www.mindfully.org/Industry/Tyco-Spent-Millions-Kozlowski7aug02.htm
>> 1997 Tyco merges with Bermuda-based ADT, whose operations base is in Boca
>> Raton, Fla.
>>
>> http://www.answers.com/topic/tyco-international
>> With the acquisition of ADT Security, Tyco moved its incorporation (but
>> little else) to Bermuda in 1997. While publicly part of the merger (ADT was
>> already incorporated in Bermuda),
>>
>> http://www.pulitzer.org/year/2003/explanatory-reporting/works/wsj6.html
>> That year, Tyco did its biggest deal ever, a $6.6 billion merger with
>> Bermuda-registered ADT Ltd., the world's leading provider of security
>> alarms. The merger was structured as an ADT takeover of Tyco, so that the
>> surviving company could stay in tax-friendly Bermuda
>>
>> Doug
>>
>
>there a big reason right there to not buy form ADT.

Management has wanted to move the headquarters to the US for at least
three years or so.  The shareholders voted it down.