Manheim Auctions announced on May 31, 2000 that it will offer nine automobile auctions for sale in connection with Manheim’s acquisition of ADT Automotive Inc. from Tyco International Ltd. The sales are being made pursuant to an agreement-in-principle with the staff of the United States Federal Trade Commission, which has been conducting the antitrust review of Manheim’s acquisition of ADT Automotive. The agreement-in-principle is subject to approval by the commission, and the commission must also approve any buyers of the nine auctions to be sold. In a transaction announced in January 2000, Manheim agreed to acquire the 28 ADT Automotive automobile auctions for approximately $1 billion. Manheim is now offering for sale eight ADT Automotive auctions: the Golden Gate Auto Auction located near San Francisco; the Southern States Vehicle Auction in Atlanta; the Metro Auto Auction of Kansas City located near Kansas City, MO; the Puget Sound Auto Auction in Seattle; the Colorado Springs Auto Auction located in Colorado Springs, CO; the Bayside Auto Auction located in Tampa, FL; the Clearwater Auto Auction located in Clearwater, FL; and the Dealers Auto Auction of Sanford, FL. In addition, Manheim is offering for sale its Southwest Auto Auction, located near Phoenix, AZ. Manheim has operated the Southwest Auto Auction for 17 years. Dennis Berry, president and CEO of Manheim, said he has already received preliminary expressions of interest from a number of potential buyers.