Nelson Peltz is a name that comes up not infrequently in the world of spinoffs. We reported in August, that, after protracted discussions, he had gained a board seat at Ingersoll Rand (IR) and was pushing for the company to split into three publicly traded firms. Today, Ingersoll Rand announced that it will be...
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ADT(ADT) is home, even when you’re not, and Fitch thinks they’re reasonably likely to pay back any money you might lend them. The home security giant, which was spun off from Tyco(TYC) on September 28, has strong free cash flow and market share and is easily able to service its significant debt. Said Fitch:...
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Well, it’s official now as Tyco’s (TYC) shareholders approved the latest dismemberment of the former conglomerate earlier this week. I’m still waiting for a shareholder surprise veto to take place…now that would be something. Anyways…continuing its long history of spins, Tyco will distribute its North American ADT business and its flow control business on...
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Tyco (TYC), a champion spinner with a set of twins of its own in the pipeline, is about to become a grandfather. Covidien (COV), a 2007 spinoff from Tyco, recently announced plansto spin off its pharmaceuticals business into a standalone company. Five is truly a wonderful age to become a parent. Many had predicted...
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In stark contrast to the American people’s growing heft, American conglomerates appear to be on a steady diet, often slimming down via spinoffs. Break up expert and Swiss-conglomerate Tyco International (TYC) is the latest fad follower as the company announced plans to split itself into three separate companies. The new businesses will be: ADT...
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