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Tyco International Buying Visonic For $100M

Thu, 09/15/2011 - 6:25am
Manufacturing.net

NEW YORK (AP) -- Swiss manufacturer Tyco International Ltd. said Thursday it agreed to acquire Israeli electronic security systems maker Visonic Ltd. for about $100 million in cash.

The deal amounts to a price of about $2.26 per share and is expected to close later this year.

Tyco said the acquisition strengthens its wireless product and technology portfolio in the intrusion security market.

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