McDermott Counsels Tyco International in Three Way Split
CHICAGO (July 10, 2007) — McDermott Will & Emery represented Tyco International Ltd. as lead U.S. corporate, commercial and tax counsel in connection with the tax-free distributions of Tyco Electronics Ltd. (TEL) and Covidien Ltd. (COV) to Tyco’s shareholders.
The spin-off resulted in the separation of Tyco International into three independent, publicly traded companies: Tyco International Ltd., Covidien Ltd. and Tyco Electronics Ltd and is believed to be the largest and most complex separation transaction announced to date.
McDermott fielded a multi-disciplinary team of more than 150 McDermott lawyers across five offices and six practice areas to advise Tyco with respect to the U.S. tax, corporate, commercial, employee benefits, intellectual property, real estate, environmental and other regulatory aspects of the transaction.
McDermott Will & Emery is a leading international law firm with a diversified business practice. The Firm represents a wide range of commercial, industrial and financial enterprises, both publicly and privately held. McDermott’s clientele include some of the world’s largest corporations, small and medium-sized businesses, and individuals.
Currently numbering 1,100 lawyers, McDermott has offices in Boston, Brussels, Chicago, Düsseldorf, London, Los Angeles, Miami, Munich, New York, Orange County, Rome, San Diego, Silicon Valley and Washington, D.C. We also have a strategic alliance with MWE China Law Offices in Shanghai.
