What will the relationship between Tyco International and Tyco Electronics be following the separation?
Before our separation, we entered into a Separation and Distribution Agreement and other agreements with Tyco International and Covidien to effect the separation and provide a framework for our relationships with Tyco International and Covidien after the separation. These agreements govern the relationships among us, Tyco International and Covidien subsequent to the completion of the separation plan and provide for the allocation to us and Covidien of certain of Tyco International’s assets, liabilities and obligations attributable to periods prior to our separation from Tyco International. The Separation and Distribution Agreement requires us to assume or retain the liabilities of Tyco International primarily related to our business and 31% of certain contingent and other corporate liabilities of Tyco International, including the remaining Tyco International shareholder litigation, and establishes the amount of the indebtedness that each separated company initially will incur and retai
