Tyco Agrees To Pay $250M To Settle Bondholder Suit
The lawsuit was filed last year by the holders of about 80% of Tyco's $3.7 billion in outstanding debt securities. The bondholders, represented by the Bank of New York, argued that the company’s 2007 spin-off of its health care and electronics divisions violated the terms of its debt.
Tyco agreed to make a cash payment of $250 million...
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