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Divestiture Apr 2010 · Schaffhausen, Switzerland Verified

Tyco to Spin Off Electrical and Metal Products Business

Tyco International Ltd. announced its intent to spin off its Electrical and Metal Products business to shareholders in a tax-free transaction, subject to certain conditions.

“On April 27, 2010, the Company issued a press release announcing its intent to spin-off its Electrical and Metal Products business to its shareholders in a tax-free transaction, subject to certain conditions.”

Entities

Electrical Sentiment: Neutral

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.