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.
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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.
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