SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
Filed by the Registrant [x]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2)
[ ] Definitive Proxy Statement
[x ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
ADT Limited
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[x ] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11:
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
The following press release was issued by ADT on April 29, 1997:
FOR IMMEDIATE RELEASE [ADT LOGO]
ADT Limited ("ADT") Press Release
ADT MAILS PROXY STATEMENT TO ITS SHAREHOLDERS SOLICITING PROXIES IN OPPOSITION
TO WESTERN RESOURCES
______________________________________________________________________________
Hamilton, Bermuda, April 29, 1997 -- ADT Limited (NYSE-ADT) announced today
that it has mailed a proxy statement to ADT shareholders relating to the
Special General Meeting called for July 8, 1997.
ADT is soliciting proxies from its shareholders in opposition to Western
Resources' proposals to remove the entire ADT board of directors and replace
them with two of Western's own employees.
Commenting, Mr. Michael A. Ashcroft, Chairman and Chief Executive Officer of
ADT, said:
"ADT sees no merit whatsoever in Western's unsolicited proposals and, indeed,
has noted the significant reduction in Western's first quarter earnings per
share, its increased debt load and the continuing erosion in its dividend
cover. This is not a pretty picture".
ADT will, in the near future be convening a separate meeting to approve certain
matters relating to the agreed transaction between ADT and Tyco, which the ADT
board unanimously believes to be in the best interests of ADT shareholders, and
will be distributing a joint proxy statement / prospectus to shareholders in
due course.
ADT, through its subsidiaries, is the largest provider of electronic security
services in North America and the United Kingdom, providing continuous
monitoring of commercial and residential security systems to over 1.8 million
customers.
Contact:
- -------
ADT, Inc.
561-988-3600
Note:
- ----
This and other press releases are available through Company News On-Call by
fax; call 800-758-5804, extension 112511, or at http://www.prnewswire.com/
- Ends -
