文章基本信息

标题：Tyco Int'l to purchase TyCom for 2.83 times revenue
期刊名称：Weekly Corporate Growth Report
出版年度：2001
卷号：Oct 15, 2001
出版社：N V S T.com, Inc.

Tyco Int'l to purchase TyCom for 2.83 times revenue

Featured Transaction

The Deal: Tyco International Ltd. has agreed to purchase the rest of TyCom Ltd. that it does not already own, for $863.5 million in stock. The deal values TyCom at $7,784 billion. Tyco previously agreed to pay $14 a share, but has increased the price to $15.42 per share due to TyCom stock regaining value after an industrywide slump.

Discussion: TyCom, the world's largest supplier of undersea fiber-optic cable networks, has installed about 190,000 miles of submarine cable for other companies and now is building and operating its own TyCom Global Network. The company is planning to link six continents with undersea fiber optics and is selling broadband capacity on the TGN to telecom carriers. TyCom continues to design, build and install fiber-optic networks for other companies as well. TyCom was originally the submarine systems division of AT&T.

Tyco Int'l is a conglomerate that controls more than 200 businesses. Its largest unit, Electronics, makes electrical connectors, conduits and printed circuit boards. Its Healthcare and Specialty Products group makes bandages, crutches, adhesives and plastic hangers. Tyco's Fire and Security Services unit is the world leader in security and fire-protection systems. Products of its Flow Control group include pipe, tubing and flow meters, and its Telecommunications unit makes undersea fiber-optic cable.