(Reuters) - The conglomerate plans to split into three parts later this
month, with Tyco International continuing as a stand-alone
company. Tyco Electronics and Covidien health care will then
operate as independent, publicly traded entities.
"We are going to focus on organic growth initiatives,"
Edward Breen, Tyco's chairman and chief executive, told
investors in New York. Referring to the fire, security and
engineered-products segments, he said: "They are extremely
fragmented industries from a competitive standpoint ... that's
one of the keys to the future success of Tyco, is how we go
about changing that landscape."
Read more at Reuters.com Bonds News
month, with Tyco International continuing as a stand-alone
company. Tyco Electronics and Covidien health care will then
operate as independent, publicly traded entities.
"We are going to focus on organic growth initiatives,"
Edward Breen, Tyco's chairman and chief executive, told
investors in New York. Referring to the fire, security and
engineered-products segments, he said: "They are extremely
fragmented industries from a competitive standpoint ... that's
one of the keys to the future success of Tyco, is how we go
about changing that landscape."
Read more at Reuters.com Bonds News
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