Tyco International Limited (TYC) Message Board

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Non-Tech : Tyco International Limited (TYC)

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To: GVTucker who wrote (2592)	1/25/2002 10:17:01 AM
From: Bob Rudd	Read Replies (1) of 3770

This excerpt indicates that TYCO has indeed cleaned up and added value to CIT which recent buzz calls for them to sell outright rather than partially IPO: <<Although Tyco owned Tyco Capital for less than one year, the subsidiary was able to tap the parent's resources to help clean up its balance sheet, including the disposition of over $5 billion of non-core assets, strengthen capital, and accelerate 'right-sizing' initiatives.>> Source: Bloomberg quote.bloomberg.com I would also point out that the very favorable rating Fitch as given confirms a clean bill on TYCO's accounting. Credit analysts are generally more rigorous and sensitive to problem issues than equity analysts and they don't have IB conflicts.

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