Ad-Hoc Committee of Unsecured Noteholders of Tyco International Group S.A. Announces Call on May 3, 2007.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- May 2, 2007--The following is a statement issued by the Ad-Hoc Committee of Unsecured Noteholders of Tyco International For the unrelated division of Mattel, see . Tyco International Ltd. NYSE: TYC is a diversified manufacturing conglomerate incorporated in Bermuda, with United States operational headquarters in New Jersey. Group S.A. ("TYCO"). An ad-hoc committee of unsecured noteholders of TYCO has been formed in response to the tender offer and consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with announced on April 27, 2007 by TYCO in connection with the proposed "clarifying" amendments to the 1998 and 2003 Indentures to permit, as part of the Company's plan to liquidate To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the , the separation of TYCO through three simultaneous transactions into three separate, publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . The terms of the tender offer and consent solicitation are such that noteholders will not receive their full contractual entitlements. The early tender deadline is scheduled for 5:00 p.m. May 10, 2007. Accordingly, the Ad-Hoc Committee has scheduled a call at 12:00 p.m. (noon) Eastern Time on Thursday, May 3, 2007 (which will be in listen-only mode due to the large number of expected participants) in which all holders of notes issued under the 1998 Indenture and the 2003 Indenture are invited to participate. The information for Thursday's call is: < < Dial-In: 1-877-363-0524 < < Conference ID: 17808782 |
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