Tyco Electronics Sells its Wireless Systems Business to Harris

On May 29, 2009, Tyco Electronics Ltd. completed the sale of its Wireless Systems business to Harris Corporation for approximately US$675 million in cash, subject to final working capital adjustments. Tyco Electronics' Wireless Systems business is a leader in the development of large-scale critical communications systems based on Internet Protocol (IP) technology.

Tyco Electronics is a global provider of engineered electronic components, network solutions, undersea telecommunication systems and specialty products.

Harris is an international communications and information technology company.

Harris was represented in the US by Jones Day with a team led by Sanjiv Kapur. In Canada, Harris was represented by Blake, Cassels & Graydon LLP with a team that included Gary Jessop (corporate), Jeremy Forgie (benefits), Paul Tamaki and Greg Kanargelidis (tax).

Tyco Electronics was represented in the US by Davis Polk & Wardwell LLP with a team led by William H. Aaronson. In Canada, Tyco Electronics was represented by Stikeman Elliott LLP with a team led by Gary Nachshen, which included Mark Fedorowycz (corporate), Andrea Boctor (pensions & benefits), Sarah Hemmingsen and Diana Theophilopoulos (employment), James Harbell, Mario Paura and Andy Gibbons (real estate) and Alan Kenigsberg (tax).