Tyco Separates Divisions into Four Independent, Publicly Traded Companies

Tyco International Ltd., Pembroke, Bermuda, has announced plans to separate the company into four independent, publicly traded companies in order to increase shareholder value.

Under the plan, already approved by the company's board of directors, Tyco's healthcare, fire protection & flow control, and financial services businesses will be taken public through initial public offerings (“IPOs”) and then distributed to Tyco shareholders. Tyco's security and electronics businesses will

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