ADT 2000 Annual Report Download - page 11

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acquisitions
Acquisitions are a definite growth driver at Tyco. The second part of the growth-on-growth
strategy involves acquisitions that add new products and businesses to complement our
core groups. We seek to acquire companies with superior products that have long-term
growth potential but are performing below peak level, or companies that fill a gap in our
existing product lines. All acquisitions must immediately add to earnings, but they must
also make strategic sense by helping us become a stronger competitor in one of our exist-
ing business segments. Buying at a good price is important; finding a company whose
people and products fit well in our organization is essential.
NINE
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