Tyco(TYC) Announces Intent to Spinoff Electronic And Metal Products

Tyco(TYC) announced today that it intends to spin off its Electronic & Metal Products division.  The former conglomerate intends to file more information with the SEC over the next few months, and to complete the transaction in the first half of 2011.

The business to be spun off “designs, manufactures and sells galvanized steel tubes and pipes, electrical conduit, armored wire and cable, metal framing systems and building components,” and had $1.4 Billion in 2009 revenues.

Check back at stockspinoffs.com for more information and analysis as it becomes available.

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