(Reuters) - The distributions will be made on June 29 and Tyco
International shareholders will receive one share of Covidien
Ltd. and one share of Tyco Electronics for each of their
shares, the company said. The board also approved a
one-for-four reverse split that will become effective once the
dividend distribution is done.
Tyco has said the separation, costing up to $1.6 billion,
will let each company better focus on building value by setting
its own strategy for acquisitions, alliances and use of
resources, while giving investors clearer choices.
Read more at Reuters.com Bonds News
International shareholders will receive one share of Covidien
Ltd. and one share of Tyco Electronics for each of their
shares, the company said. The board also approved a
one-for-four reverse split that will become effective once the
dividend distribution is done.
Tyco has said the separation, costing up to $1.6 billion,
will let each company better focus on building value by setting
its own strategy for acquisitions, alliances and use of
resources, while giving investors clearer choices.
Read more at Reuters.com Bonds News
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