Yarway to Become Wholly-Owned Subsidiary of Asbestos Trust

Upon the effective date of the Chapter 11 plan, Yarway is anticipated to become a wholly-owned subsidiary of the Yarway Trust and would no longer be owned by or consolidated with Tyco International. This represents a divestiture of the subsidiary through the bankruptcy process.

“Yarway is anticipated to become a wholly-owned subsidiary of the Yarway Trust and, accordingly, would no longer be owned by or be part of a consolidated group with the Company.”

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.