Page "Tyco International" Paragraph 20

In the fiscal 2001 year, Tyco acquired Mallinckrodt Inc. and Simplex Time Recorder Company which it later merged in January 2002 with Grinnell Fire Protection to form an indirect wholly owned subsidiary, SimplexGrinnell LP, the world's largest fire protection company.

For the year ended September 2001, the company's book value exceeded $ 110 billion.

However, the company more than doubled its long-term debt, by over $ 80 billion.