Richard Ashcroft England". However, the pressures of touring and the tensions within the band led to McCabe's departure in mid-1998 and the announcement of the band's break-up in April 1999. In early 2007, Ashcroft made peace with McCabe and Jones and The Verve's reunion was announced in June. The band played gigs later that year and continued touring in 2008, headlining at several festivals around the world. A new album, "Forth", was released in August. In August 2008, The Verve broke up for the third time, though it was not announced until the following year. Ashcroft's first solo single, "A Song for
Michael Ashcroft netting Ashcroft over £200 million. In 1997, ADT was sold by a reverse takeover to US conglomerate Tyco International for $6.7 billion, allowing Tyco to become tax-efficient. Ashcroft disposed of large amounts of the Tyco stock which he had acquired as a result of the sale of ADT, explaining that he needed the capital to diversify into other things and that he never retained a substantial stake in any enterprise which he did not control. Ashcroft nevertheless continued as a non-executive director of Tyco, a role he still held in 2002 when Tyco CEO Dennis Kozlowski was arrested in New