Monday, June 25, 2007

Bondholders effort to block Tyco breakup gains support

(Reuters) - Tyco is planning to spin off its electronics and
health-care divisions into independent companies by the end of
June. The remaining Tyco International will consist of the
company's fire and security and engineered products divisions.




The bondholders believe that Tyco failed to obtain bondholder
consent for the proposed breakup.


Read more at Reuters.com Bonds News

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