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Non-Tech : Tyco International Limited (TYC)

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To: blankmind who wrote (2829)2/7/2002 3:16:15 PM
From: GVTucker  Read Replies (1) of 3770
 
Maybe it isn't that simple.

Everyone talks about what great value exists in CIT. Funny how no one is breaking down TYC's doors to buy it.

Most of the bullish analysts have bandied about 4 names that will compete for CIT--AIG, GE Capital, UPS, and FleetBoston. On their earnings conference call yesterday afternoon, AIG stated that they had no interest at all in CIT. This afternoon, UPS says the same thing. Zero interest.

A bidding war is slowly turning into a distress sale. And note that CIT is one of TYC's plum assets.
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