Where the heck was the report on what ADT settled during the quarterly release? How does that financially help shareholders if we don't even know???
I expect ADT agreed in advance to pay what ever TYCO settled for. So we should get a clearer view in the next report.
Here's a little more info on why I think ADT's settlement is tied to Tyco's:
Tyco International Separation Update
As you may know, the board of directors of Tyco International recently approved a plan to separate Tyco’s businesses, including ADT, into three separate, publicly traded operating companies:
ADT North America Residential and Small Business Security – the leading provider of security and fire alarm systems, serving more than six million homes and small businesses in the U.S. and Canada.
Flow Control – a global supplier of flow management, water and environmental systems and thermal control solutions.
Commercial Fire and Security – the largest global provider of fire and security products and services for commercial, industrial, governmental and retail customers worldwide.
This all happened a couple years ago.