Friday, April 27, 2007

Tyco starts buying back $6.6 bln of debt

(Reuters) - The move by Tyco, and certain Tyco subsidiaries that are issuers of its corporate debt, is part of the conglomerate's planned separation into three independent, publicly traded companies.

Tyco also said it expects subsidiary Tyco International Group to tender for all of its outstanding euro- and pound-denominated debt, worth about $1.9 billion.


Read more at Reuters.com Mergers News

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