(Bloomberg) -- Tyco International Ltd. will spin off
its health-care and electronics units to shareholders at the end
of the month after winning approval from its board and the U.S.
Securities and Exchange Commission.
Stockholders as of June 18 will get one share of the
health-care company, named Covidien, and one share of the
electronics unit, called Tyco Electronics, on June 29 for every
four shares of the parent they own, Bermuda-based Tyco said in a
statement yesterday. The SEC approved the company's intent to
split into three, spokesman Paul Fitzhenry said.
Read more at Bloomberg Stocks News
its health-care and electronics units to shareholders at the end
of the month after winning approval from its board and the U.S.
Securities and Exchange Commission.
Stockholders as of June 18 will get one share of the
health-care company, named Covidien, and one share of the
electronics unit, called Tyco Electronics, on June 29 for every
four shares of the parent they own, Bermuda-based Tyco said in a
statement yesterday. The SEC approved the company's intent to
split into three, spokesman Paul Fitzhenry said.
Read more at Bloomberg Stocks News
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