Tyco sees FY13-FY17 recurring revenue growth target 5%-7% Sees FY13-FY17 adjusted EBITDA margin 50%. Says ADT expects to have $1B-$1.2B of federal tax loss carry forwards at the time of separation. Sees Fire & Security annual sales growth of 4%-5% over three years, EPS growth of 15%. Sees Fire & Security margins expanding at least 270bps over three years. Comments from slides that will be presented at the company's Investor Day.
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Tyco settlement with SEC approved by judge, Bloomberg says Tyco's $13.1M settlement with the SEC over concealed payments to foreign officials was approved by a U.S. District Court judge, reports Bloomberg. Reference Link
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