Tyco International Ltd. on Friday unveiled plans to split into three separate, publicly traded companies early next year, marking a break-up of the sprawling $61 billion conglomerate.
Tyco, which also warned of an earnings shortfall, said in a statement that its board had approved a plan to break up the company through tax-free stock dividends to its shareholders, who would then own 100 percent of the equity in three publicly traded companies.
