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Non-Tech : Tyco International Limited (TYC)

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To: Terrapin who wrote (2897)2/12/2002 1:02:09 AM
From: blankmind  Read Replies (1) of 3770
 
couldn't have said it better:

It is a positive in that it provides all the necessary liquidity for the time it will take to execute Tyco's debt-reduction plan. It frees them from the nervousness in the bond market; the nervousness that dissipated within a few days anyway.

It was an unusual step taken in unusual times.
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