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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (2598)	1/24/2002 3:17:06 PM
From: GVTucker	Read Replies (1) \| Respond to of 3770

Oh, no, Larry, it is definitely correct. In fact, if you look at the trading day before yesterday when the conference call was going on, you'll notice that the blocks started hitting the bid right after Tyco disclosed that this would indeed be a taxable transaction.

To: Larry S. who wrote (2598)	1/24/2002 3:41:55 PM
From: Bob Rudd	Respond to of 3770

This from today's WSJ <<Other observers wonder why Tyco is pursuing the complex IPO route rather than distributing shares of the various parts to existing shareholders. The latter plan would be tax-free, while Tyco's proposal could result in capital gains taxes for shareholders under certain circumstances. In addition, trying to pull off three large IPOs in a shaky market is a risky move.>> Note that could result is a bit squishy...I also recall mention of 'return of capital' treatment...which is generally non-taxable. There may also be some tax issues related to the CR BARD aquisition that could give the Bard folks pause....a tax impact at the time of the merger or of the IPO that would force recognition of capital gains earlier than they had expected.