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Sensormatic Electronics Corp

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BUSINESS
January 22, 1998 | Bloomberg News
Two companies that produce electronic theft sensors used by retailers have settled federal antitrust charges, the Federal Trade Commission said. Regulators said that Sensormatic Electronics Corp. and Checkpoint Systems Inc. had unlawfully agreed to refrain from making negative remarks about each other's products in advertisements.
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BUSINESS
August 4, 2001 | RACHEL LAYNE, BLOOMBERG NEWS
Tyco International Ltd., whose ADT unit is the biggest maker of burglar alarms, agreed Friday to buy Sensormatic Electronics Corp. for $2.3 billion. Sensormatic invented security tags that supermarkets and retailers attach to merchandise to deter shoplifting. It also makes access and surveillance systems that are used in airports. Tyco will exchange stock valued at $24 for each Sensormatic share, a 61% premium over its closing price Thursday, and will assume $116 million in debt.
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BUSINESS
May 23, 1989 | From United Press International
Sensormatic Electronics Corp. sold its minority stake in CheckRobot Inc. of Deerfield Beach to a Swiss investment company as part of its efforts to refocus resources on core businesses, the companies have announced. Terms of the sale to OmniCorp International B.V. were not disclosed. The purchase makes OmniCorp, a merchant banking and investment subsidiary of Omni Holding A.G., CheckRobot's largest shareholder, the company said. A spokesman for Sensormatic said his company held a 34% stake in CheckRobot, but Ralph Nelson, vice president of CheckRobot said Sensormatic's holdings were equal to 26%. CheckRobot makes automated checkout machines.
BUSINESS
January 22, 1998 | Bloomberg News
Two companies that produce electronic theft sensors used by retailers have settled federal antitrust charges, the Federal Trade Commission said. Regulators said that Sensormatic Electronics Corp. and Checkpoint Systems Inc. had unlawfully agreed to refrain from making negative remarks about each other's products in advertisements.
BUSINESS
November 22, 1996 | Times Staff and Wire Reports
Sensormatic Electronics Corp. agreed to supply Troy, Mich.-based Kmart Corp. with anti-theft tagging devices in an accord that will double Sensormatic's business with the retailer. The Boca Raton, Fla.-based company will supply 1,019 Kmart stores with the company's UltraMax electronic surveillance systems. In return, Kmart, the nation's third-largest retailer, will purchase labels and tags used with the system.
BUSINESS
August 4, 2001 | RACHEL LAYNE, BLOOMBERG NEWS
Tyco International Ltd., whose ADT unit is the biggest maker of burglar alarms, agreed Friday to buy Sensormatic Electronics Corp. for $2.3 billion. Sensormatic invented security tags that supermarkets and retailers attach to merchandise to deter shoplifting. It also makes access and surveillance systems that are used in airports. Tyco will exchange stock valued at $24 for each Sensormatic share, a 61% premium over its closing price Thursday, and will assume $116 million in debt.
BUSINESS
April 13, 1994 | From Reuter
In security-conscious America, everything from newborn babies to health club towels and tubes of Preparation H hemorrhoid cream are sporting tiny magnetic security tags to prevent theft. Industry analysts expect most U.S. retailers, industrial plants and institutions to use tags or other kinds of electronic anti-theft devices during the next few years. That's good news for companies such as industry leader Sensormatic Electronics Corp.
BUSINESS
October 6, 1986
Sensormatic Electronics Corp. said it recently received orders of $6.5 million from several retailers. The orders include $2.8 million for the firm's traditional electronic article surveillance equipment from Lerner Shops and $1 million from Millers Outpost, a West Coast retailer. Sensormatic also received an order from another major retailer for about $2.7 million for the installation of its Sensorvision closed-circuit television camera equipment.
BUSINESS
August 29, 1996 | Times Staff and Wire Reports
Checkpoint Systems Settles Suit Against PolyGram: The antitrust case against PolyGram Group Distribution Inc. was settled after the distributor of compact discs agreed to suspend its practice of using only one brand of anti-theft tags. Thorofare, N.J.-based Checkpoint Systems Inc. sued Dutch-owned PolyGram in July, claiming PolyGram's decision to use tags made by one of Checkpoint's rivals put it at a competitive disadvantage.
BUSINESS
May 10, 1997 | Bloomberg News
Pinkerton's Inc. said it plans to buy the direct sales unit of Boca Raton, Fla.-based Sensormatic Electronics Corp. to beef up its marketing in the commercial security business. The commercial sales unit of Sensormatic, a manufacturer of retail and industrial security systems, has 425 employees and 1996 revenue of about $80 million. Terms were not disclosed.
BUSINESS
November 22, 1996 | Times Staff and Wire Reports
Sensormatic Electronics Corp. agreed to supply Troy, Mich.-based Kmart Corp. with anti-theft tagging devices in an accord that will double Sensormatic's business with the retailer. The Boca Raton, Fla.-based company will supply 1,019 Kmart stores with the company's UltraMax electronic surveillance systems. In return, Kmart, the nation's third-largest retailer, will purchase labels and tags used with the system.
BUSINESS
April 13, 1994 | From Reuter
In security-conscious America, everything from newborn babies to health club towels and tubes of Preparation H hemorrhoid cream are sporting tiny magnetic security tags to prevent theft. Industry analysts expect most U.S. retailers, industrial plants and institutions to use tags or other kinds of electronic anti-theft devices during the next few years. That's good news for companies such as industry leader Sensormatic Electronics Corp.
BUSINESS
May 23, 1989 | From United Press International
Sensormatic Electronics Corp. sold its minority stake in CheckRobot Inc. of Deerfield Beach to a Swiss investment company as part of its efforts to refocus resources on core businesses, the companies have announced. Terms of the sale to OmniCorp International B.V. were not disclosed. The purchase makes OmniCorp, a merchant banking and investment subsidiary of Omni Holding A.G., CheckRobot's largest shareholder, the company said. A spokesman for Sensormatic said his company held a 34% stake in CheckRobot, but Ralph Nelson, vice president of CheckRobot said Sensormatic's holdings were equal to 26%. CheckRobot makes automated checkout machines.
NEWS
August 4, 2001 | RACHEL LAYNE, BLOOMBERG NEWS
Tyco International Ltd., whose ADT unit is the biggest maker of burglar alarms, agreed Friday to buy Sensormatic Electronics Corp. for $2.3 billion. Sensormatic invented security tags that supermarkets and retailers attach to merchandise to deter shoplifting. It also makes access and surveillance systems that are used in airports. Tyco will exchange stock valued at $24 for each Sensormatic share, a 61% premium over its closing price Thursday, and will assume $116 million in debt.
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