Hints and tips:
...Johnson Controls has agreed to acquire Tyco International in an industrial megadeal that will allow the manufacturer to slash its tax bill by relocating its corporate domicile from the US to Ireland....
...The current Tyco International was one of three companies created in 2012 after a break-up of the conglomerate....
...Tyco split into three in 2012, spinning off the ADT security company and Pentair, a valve maker....
...Tyco International, the commercial fire protection and security group that emerged from the break-up of the industrial conglomerate of the same name at the start of the month, argues that as fire regulations...
...Tyco International, the US industrial conglomerate, said on Wednesday that it would merge its flow controls business with Pentair, the water filtration and thermal management company, in an all-stock deal...
...Splits, such as the three-way division of ITT and Tyco, the industrial companies, create multiple new clients for the banks, with the resulting entities widely expected to take part in consolidation or become...
...Ed Breen, Tyco International chairman and chief executive, was setting out the group’s plans to split....
...Tyco International, which has recently been the subject of takeover speculation, beat expectations with its second-quarter earnings, helped by higher sales and margins from its core security division....
...The picture, upon closer inspection, is a digital mosaic made up of tiny, rectangular company logos, each one representing a corporate scandal of the past decade: Enron, WorldCom, Tyco, and Rite Aid, among...
...In corporate news, Tyco International lost 0.6 per cent to $52.01 after Schneider Electric said it was “not currently” in takeover talks with the maker of security systems, as had been rumoured....
...Competition for the deal is likely to have been stiff; the well support division was reported to have attracted interest from leading US oil services groups Halliburton, Weatherford International and Cameron...
...Schlumberger, the largest oil services company by market capitalisation, bought Smith International of the US last year for 11 times 2011 ebitda....
...Fellow engineers helped support the wider market after Caterpillar bid $7.6bn for Bucyrus International, a maker of mining equipment....
...The Securities and Exchange Commission and leading US equity exchanges on Monday laid the ground for the creation of an industry-wide safety valve designed to temporarily halt trading in stocks, in response...
...Honeywell International, the US industrial conglomerate, closed a difficult year with improved fourth-quarter results but maintained a conservative outlook, noting it was prepared for a rapid economic recovery...
...Tyco International fell 3.5 per cent to $44.28, while United Technologies lost 3.2 per cent to $69.53 and Paccar, the truck manufacturer, sagged 3.7 per cent to $44.63....
...In 1997, he agreed to sell his Bermuda-based home security company, ADT, to Tyco International, fending off a hostile offer from a US utility and leaving the businessman with a personal stake in Tyco worth...
...American Standard is to break up into three, unravelling a $10bn toilets-to-brakes group dating back to the 19th century and sounding another death knell for out-of-favour US conglomerates....
...A Cendant or a Tyco, say, spends billions of dollars to grow by acquisition only to reverse course a few years later and break itself up....
...In the next few months, Tyco will try to move beyond its scandal-ridden recent history by splitting into its three main divisions....
...Tyco International, the group’s main division which sells fire and security systems, is also expected to retain its name after the conglomerate splits into three next year, leaving the healthcare business...
...Analysts took this to suggest a break-up or “dismantling” has been mooted - involving, at the very least, the sale of some its largest divisions....
...Failure to follow the “kiss” rule has been blamed for the most high-profile defeats of the post-Enron era, in prosecutions involving executives of Qwest, the telecoms company, and of Enron’s broadband division...
...In recent months, Evercore has been popping up on many of the largest US mergers and acquisitions, from Scientific Atlanta’s $6bn sale to Cisco Systems, to the break-up of Tyco, an industrial conglomerate...
...Mr Donaldson now faces the task of having to appoint a successor to Mr Cutler as well as another division head that has been vacant - a task that may incite even greater division at the agency because of...
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