Tuesday, June 19, 2007

Tyco to focus on growth after spin-offs

(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.




The company aims for long-term revenue growth, factoring out the effect of any acquisitions, of about 4 percent to 6 percent a year, said Chris Coughlin, executive vice president and chief financial officer.


Read more at Reuters.com Business News

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