Simpson Thacher is representing Tyco International plc (“Tyco”) in connection with its announced acquisition of Industrial Safety Technologies (“IST”) for $329.5 million in cash. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in Tyco’s fiscal second quarter.
IST is a global leader in gas and flame detection. The combination of IST with Tyco’s Scott Safety unit will make Tyco one of the largest global designers and manufacturers of gas and flame detection products.
The Simpson Thacher team includes Elizabeth Cooper, Alan Klein, Leah Shen, Jay Baviskar and Jeff Liu (M&A); Drew Purcell and Jacqueline Barbera (Tax); Greg Grogan, David Teigman and David Daniels (Executive Compensation and Employee Benefits); Lori Lesser and Genevieve Dorment (Intellectual Property); Michael Naughton, John Goheen and Ellen Frye (Competition- M&A); George Wang, Andrew Winerman, Mark Stein and David Caldwell (Regulatory); Adeeb Fadil (Environmental); Krista McManus (Real Estate); and Steve DeLott (Insurance).