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BRIEF-Tyco says reaffirms FY 2016 EPS excluding items,expands investment in Tyco UAE JV

Published 04/12/2015, 10:20 pm
Updated 04/12/2015, 10:30 pm
© Reuters.  BRIEF-Tyco says reaffirms FY 2016 EPS excluding items,expands investment in Tyco UAE JV

Dec 4 (Reuters) - Tyco International PLC TYC.N :

* Expands investment in Middle East business; agrees to sell Australian fire

protection business; reaffirms earnings guidance

* Sees FY 2016 earnings per share $2.05 to $2.20 excluding items

* Says the transactions are not expected to significantly impact the company's

earnings

* Says details of the agreement were not disclosed

* Says has made an additional investment in its Tyco UAE joint venture with

local partner suwaidi engineering group

* Sees Q1 earnings per share about $0.40 excluding items

* FY 2016 earnings per share view $2.10 -- Thomson Reuters I/B/E/S

* Q1 earnings per share view $0.40 -- Thomson Reuters I/B/E/S

* Sees EPS before special items guidance of $2.05 - $2.20 for FY 2016 and

approximately $0.40 for the first quarter remain unchanged

* Says to sell its fire detection and protection business in Australia to Evergreen Capital L.P

* Source text for Eikon ID:nPn9hcKRp

* Further company coverage TYC.N

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