Tyco Expects Profit Boost

Tyco International Ltd. expects the purchase of Lucent Technologies Inc.’s power systems unit to add 5 cents a share to profit in the first fiscal year after the transaction is completed. Tyco, the world’s biggest maker of connectors used in everything from cellular phones to circuit boards, agreed Monday to buy the business for $2.5 billion. It will increase profit by 12 cents in the second year and 15 cents in the third, Chief Executive Dennis Kozlowski said. Tyco’s shares fell as much as 5.1% on concern that the majority of the unit’s revenue will come from Lucent, which is losing sales of voice switches to competitors. On the NYSE, Tyco rose 13 cents to close at $53.06 and Lucent rose 63 cents to close at $23.28.