Canaccord Genuity on Tyco International (TYC): Voltage Equipment Maker Interested
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Price: $45.59 --0%
Rating Summary:
9 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 14 | New: 16
Rating Summary:
9 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 14 | New: 16
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Canaccord Genuity on Tyco International (NYSE: TYC)
"The world’s largest maker of voltage equipment, Schneider Electric, is considering a takeover of the industrial conglomerate Tyco International, though the idea is at an early stage and no deal is imminent, reported Bloomberg. Buying Tyco would mark Schneider’s biggest-ever takeover and would add ADT, the world’s largest security systems firm. Besides security services, Tyco makes fire safety systems and industrial products such as valves and controls used in water and chemical systems. A takeover by Schneider would be massive, as Tyco’s market capitalization was roughly $23 billion, including Monday’s gains, while Schneider has a market value of about $46 billion. Schneider, which competes with Germany’s Siemens (NYSE: SI) and ABB (NYSE: ABB) of Switzerland, has made a series of smaller acquisitions over the past year, many of them focused on emerging markets like India and Russia. Analysts say that if Schneider were to bid, it would need to offer a high enough price to discourage rivals such as Siemens, U.S. companies like Honeywell (NYSE: HON) and United Technologies Corp (NYSE: UTX), or even a telecom or cable bidder. For its part, Langenberg & Co. suggested Tyco wouldn’t sell for “less than 65 bucks,” and called the possible merger “a really good deal.” Likewise, Deutsche Bank wrote, “The M&A potential appeal simply adds an additional dimension to our bullish opinion.”"
"The world’s largest maker of voltage equipment, Schneider Electric, is considering a takeover of the industrial conglomerate Tyco International, though the idea is at an early stage and no deal is imminent, reported Bloomberg. Buying Tyco would mark Schneider’s biggest-ever takeover and would add ADT, the world’s largest security systems firm. Besides security services, Tyco makes fire safety systems and industrial products such as valves and controls used in water and chemical systems. A takeover by Schneider would be massive, as Tyco’s market capitalization was roughly $23 billion, including Monday’s gains, while Schneider has a market value of about $46 billion. Schneider, which competes with Germany’s Siemens (NYSE: SI) and ABB (NYSE: ABB) of Switzerland, has made a series of smaller acquisitions over the past year, many of them focused on emerging markets like India and Russia. Analysts say that if Schneider were to bid, it would need to offer a high enough price to discourage rivals such as Siemens, U.S. companies like Honeywell (NYSE: HON) and United Technologies Corp (NYSE: UTX), or even a telecom or cable bidder. For its part, Langenberg & Co. suggested Tyco wouldn’t sell for “less than 65 bucks,” and called the possible merger “a really good deal.” Likewise, Deutsche Bank wrote, “The M&A potential appeal simply adds an additional dimension to our bullish opinion.”"
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