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4-Traders Homepage  >  Equities  >  Nyse  >  Tyco International Ltd.    TYC   CH0100383485

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Tyco International Ltd. : Imprisoned Ex-Tyco CFO Mark Swartz Sues Co For $60 Million, Claims Breach Of Contract -Reuters

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05/07/2012 | 10:24pm CEST

Mark Swartz, a former Tyco International Ltd. (TYC) chief financial officer serving a prison sentence for grand larceny and securities fraud, sued the company for $60 million claiming breach of contract, Reuters reported Monday.

His claims include about $48 million for an executive retirement agreement and $9 million in reimbursement for New York taxes, the report said.

The lawsuit claims Tyco approved a contract with him "with actual knowledge that he was shortly to be indicted," Reuters reported.

A Tyco spokeswoman didn't immediately return requests for comment, the report said.

Full story at http://www.reuters.com/article/2012/05/07/us-tyco-swartz-idUSBRE8460YA20120507

-Dow Jones Newswires; 212-416-2900

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Financials ($)
Sales 2016 36 177 M
EBIT 2016 3 416 M
Net income 2016 2 384 M
Debt 2016 8 834 M
Yield 2016 2,43%
P/E ratio 2016 14,77
P/E ratio 2017 13,12
EV / Sales 2016 1,43x
EV / Sales 2017 1,57x
Capitalization 42 996 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 50,9 $
Spread / Average Target 13%
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NameTitle
Alex A. Molinaroli Chairman & Chief Executive Officer
George R. Oliver President, COO & Director
Brian J. Stief Chief Financial Officer & Executive Vice President
Robert Bruce McDonald Vice Chairman & Executive Vice President
David P. Abney Director
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