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

To: GVTucker who wrote (2666)	1/30/2002 9:28:22 AM
From: Terrapin	Respond to of 3770

Yes, one could say that the payment influenced the course of the merger or one could say that the 74% premium that Tyco paid for CIT stock had a certain influence. A $10M fee for helping to arrange a $10B merger is not all that uncommon. But I agree that there is an appearance of impropriety which a nervous and panicked market cannot stomach. This reminds me of the inverse of the bullish mania of 1999. Good luck to all, Terrapin

To: GVTucker who wrote (2666)	1/30/2002 9:31:36 AM
From: Bob Rudd	Read Replies (1) \| Respond to of 3770

<<Far from consulting Tyco on this acquisition, Walsh should have been recused from the discussions. The conflicts in this are astounding.>>I'd agree that Walsh should have either gone one way or the other with regard to CIT...If his assistance was critically necessary, he should have abstained from CIT related votes on the board or take a leave of absence during the purchase. But the markets' apparent reaction, over 200x the 20 million, seems more that a trifle overdone.