Tag Archives: Tyco International

The End Of A Conglomerate – ADT & Tyco International Both Scooped Up

Grab a tissue and say farewell to the Tyco (TYC) name. The former high flying conglomerate has a complicated history full of acquisitions (lots of those), strategy shifts, scandal ($6,000 shower curtains!) and of course, a lot of spinoffs. Current DuPont (DD) CEO Ed Breen smashed the company apart not once, but twice, creating three entities in both… Read More »

All That Spins Off Isn’t Gold- YCharts On ADT’s Poor Performance

There’s much value to be found in spins, but not every spin is a winner. That’s the reminder from YCharts’ Jeff Bailey, who took a recent look at ADT’s(ADT) “alarming” performance.  Despite a strong, post-spinoff start, the company plunged and has underperformed on poor earnings. in October 2012, and after an initial rally ADT shares turned down. Cable… Read More »

Covidien Board Approves Mallinckrodt Spin For June 28

Last Friday, Covidien (COV) announced that its Board Of Directors had given final approval for its long-planned spinoff of Mallinckrodt. Shareholders of record of Covidien as of June 19 will receive one share of Mallinckrodt (MNK) on June 28 for every eight shares of Covidien that they own. The company expects that both Covidien and Mallinckrodt will begin… Read More »

Tyco Ready To Split

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 September 28th to shareholders… Read More »

Like Father Like Son? Covidien Pursues Spinoff Of Its Own

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 some type of transaction… Read More »

Tyco Does It Again

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 North America (residential security):… Read More »

Tyco Sells Stake In Electrical & Metal Products Unit, Cancels Spin

Tyco International(TYC) has canceled plans, announced in April, to spin off its Electrical & Metal Products unit to shareholders. Instead, Tyco announced on November 9 that it would be selling 51% of the unit, bow called Atkore, to private equity firm Clayton, Dubilier, & Rice for $720 million in cash. Tyco plans to use the cash to repurchase… Read More »

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… Read More »