Tyco seeks to separate into three publicly traded companies in 2Q

By Lisa Kerner

Charlotte, N.C., April 20 - Tyco International Ltd. plans to separate into three independent publicly traded companies by the end of the end of the second quarter of 2007.

The exact timing of the separation depends on the effective date of the registration statements and final approval of the tax-free stock dividends for Tyco Electronics and Tyco Healthcare (Covidie) by Tyco's board.

Bermuda-based Tyco's business segments include electronics, fire and security, health care, and engineered products and services.

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