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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 2017 29 913 M
EBIT 2017 3 530 M
Net income 2017 2 197 M
Debt 2017 10 548 M
Yield 2017 2,34%
P/E ratio 2017 19,13
P/E ratio 2018 14,68
EV / Sales 2017 1,67x
EV / Sales 2018 1,58x
Capitalization 39 463 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 48,9 $
Spread / Average Target 16%
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Managers
NameTitle
Alex A. Molinaroli Chairman & Chief Executive Officer
George R. Oliver President, Chief Operating Officer & Director
Brian J. Stief Chief Financial Officer & Executive Vice President
John P. Repko Chief Information Officer & Vice President
David P. Abney Director
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