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Davis Polk Advises Tyco Electronics on Sale of Wireless Systems to Harris Corporation
4/16/2009
Davis Polk & Wardwell is advising Tyco Electronics Ltd. on the sale of its Wireless Systems business to Harris Corporation for $675 million in cash. The transaction is subject to customary regulatory approvals and is expected to close in the summer of 2009. Wireless Systems is a leader in the development of large-scale critical communications systems based on Internet Protocol (IP) technology for customers in the public safety, utility, transit and public service industries.

Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and wireless systems, with fiscal 2008 sales of $14.8 billion to customers in more than 150 countries.

The Davis Polk corporate team includes partner William H. Aaronson and associates Joanna A. McGinley and David Lenzi. The employee benefits team includes partner Kyoko Takahashi Lin and associate Jennifer Freiman (not yet admitted). Partner Frank J. Azzopardi and associate Stefan Quick are providing intellectual property advice. Partner Arthur J. Burke and counsel Stephen M. Pepper are providing antitrust advice. Associates James C. O’Brien of the Menlo Park office and Regina Chang are providing real estate advice. Partner Gail A. Flesher and associate Brianne M. Lucyk are providing environmental advice. Partner James A. Florack is providing credit advice. Except as noted above, all members of the Davis Polk team work in the New York office.