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Non-Tech : Tyco International Limited (TYC)
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To: Terrapin who wrote (1905)3/24/2000 12:44:00 PM
From: Chuzzlewit  Read Replies (1) of 3770
 
Terrapin,

Have you heard whether they intend to distribute the newly IPO'd shares to current Tyco shareholders or use them "for general corporate purposes"?

They said they would use the proceeds of the first offering to fund the undersea cable project.

I don't know about the use of proceeds of the second offering.

TTFN,
CTC
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