Tyco, The Break-Up Is Almost Certain......Finally

Banking, finance, and taxes

Published: January 18, 2007 3:38 pm

Tyco International (TYC) is finally seeing itself being split into three groups. This isn’t new, because we have already received a formal intent from the company and the street has been preparing for this break-up for quite some time.

But today we have finally gotten the SEC filings from the company for the break-up. The filings were made for Tyco Healthcare, Tyco Electronics, and Topaz International under Tyco International. These filings with the SEC are for debt and stock.

So, after a couple decades of Koslowski gobbling smaller companies up you get to see it come back in pieces. You can probably expect to see the plans from each of these to all be independent companies by the end of the month or shortly thereafter, with an expected timeframe in the second quarter.

Jon C. Ogg
January 18, 2007

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