Tyco International Ltd.’s newly unveiled plan to split into four publicly traded companies wreaked havoc on the deal spreads of the pending takeouts on the acquisitive conglomerate’s plate. And Street sources, days after $90 billion market cap Tyco’s bombshell announcement, were still scratching their heads as they tried to assess the possible threat to two of those deals. Last Tuesday, before the market opened, Tyco announced its intent to separate into four companies: healthcare; security and electronics; flow control/fire protection and financial services.
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