|
Tyco
Tyco International Ltd. NYSE: TYC is a conglomerate with official headquarters in Bermuda, and U.S. operational headquarters in New Jersey. Major business areas of Tyco include electronic components, health care, fire safety, security, and fluid control. more...
Home
Building Toys
Classic Toys
Educational
Electronic, Battery, Wind-Up
Model RR, Trains
G Scale
HO Scale
Accurail
AHM/Rivarossi
Athearn
Atlas
Bachmann
Bowser
Branchline
Brass Imports
Buildings, Track, Access.
Craftsman Building Kits
Other
Plastic, Resin Kits
Buildings, Structures
Figures, People
Other
Scenery, Trees
Track
Concor
Fleischmann
Hornby
IHC
Intermountain
Kadee/Model Power
Kato
Life-Like
Lima
Lionel
Mantua
Marklin
Marx
Merten
Other Manufacturers
Roco
Roundhouse
Stewart
Tyco
Varney
Walthers
Mixed Lots, Magazines
N Scale
O Scale
OO Scale
Other Scales
S Scale
Standard Scale
Z Scale
Models, Kits
Outdoor Toys, Structures
Pretend Play, Preschool
Puzzles
Radio Control
Robots, Monsters, Space Toys
Stuffed Animals
TV, Movie, Character Toys
Toy Soldiers
Vintage, Antique Toys
History
1960s
Tyco was founded in 1960 by Arthur J. Rosenburg and incorporated into Tyco International in 1963 in 1964 the company went public and in 1965 it made several acquisitions, its first being Mule Battery Products.
1970s
In the 1970s and early 1980s Tyco made many acquisitions including Grinnell Fire Protection. In 1974 Tyco was listed on the New York Stock Exchange.
After this series of acquisitions and growth Tyco concentrated on strengthening the company and split its subsidiaries into three business segments:
Fire & Security products;
Electronics;
Packaging;
1980s
Once again in the late 1980s Tyco started another series of acquisitions and growth. Companies acquired during this time included:
Mueller Company;
Wormald;
Hindle valves;
Earth Technology Corporation;
Thorn Security;
ADT;
Electrostar;
Wells Fargo alarms;
AMP (1999);
Siemens Electrochemical Components;
For a full list of Tyco acquisitions please see (here(PDF))
1990s
In 1992, Dennis Kozlowski became CEO of Tyco, and for the next several years, the company adopted an aggressive acquisition strategy, eventually acquiring (by some accounts) over 1000 other companies between 1991 and 2001.
In 1993 Tyco launched The Pipeline the internal employees newsletter. This was later changed to Tyco World. The final issue of which was published in April/May of 2006. After the acquisition of ADT Security, Tyco moved its incorporation to Bermuda in 1997. While publicly part of the merger (ADT was already incorporated in Bermuda), this move was controversial as it was seen as a use of a tax haven. This tax advantage was promoted in literature to shareholders and investors.
In 1999, just prior to a stock split, rumours of accounting irregularities surfaced. The rumours were strongly denied by Tyco's leadership, who accused the sources of selling Tyco shares short for personal gain. Partly in response to this, shareholders fought a proxy battle to reincorporate in Delaware, but this effort was rebuffed by the board of directors.
During this time, Tyco spun off the deep-sea cable laying division it had purchased from AT&T as Tyco Submarine Systems in a much anticipated IPO.
Throughout the 1990s, Tyco's earnings seemed to improve steadily, with many investors giving it blue chip status. In hindsight this may have been an illusion generated by the ways in which the acquisitions were treated on the company's books. Unlike other companies where fraud and other charges were made public in 2001 and 2002, such as Enron and HealthSouth, Tyco was never in a cash crisis.
Read more at Wikipedia.org
|
|