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Article: Tyco Maintains Focus on Shareholder Value.
- Article from:
- Physical Educator
- Article date:
- February 15, 2002
CopyrightCOPYRIGHT 2002 The Patriot-News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tom Dochat
Feb. 15--Executives at Tyco International Ltd. might be having second thoughts about breaking up the company.
After announcing plans last month to divide Tyco into four separate businesses to unlock shareholder value, the company has watched its stock slip. The depressed stock price has created a more cautious attitude.
L. Dennis Kozlowski, Tyco's chairman and chief executive officer, said Wednesday during a conference call that the company still plans to sell or spin off its CIT commercial financing business. And he said the company is still trying to sell its plastics businesses, which makes everything from clothes hangers ...