Employment News
Schneider and Tyco Denying Rumors of Tyco Takeover
By aostler | Dated: 05-13-2011
There was a controversy on May 13 that a France company Schneider was in talks with public equity firms, to make a bid of $30 billion on Tyco to takeover the company. Tyco’s current market capitalization is $23.2 billion, so a bid of $30 billion would represent a 29.2 percent premium to Tyco’s current capital. However, there are denials from both of the companies regarding this issue.
Read the original article here:
Schneider denies report of Tyco takeover talks
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