(Bloomberg) -- Tyco International Ltd.'s plan to
break up into three separate companies may be delayed because of
a lawsuit over whether the company has fulfilled its obligations
to bondholders, a group of creditors said.
Tyco failed to obtain debt holders' consent for the
breakup, a committee representing the noteholders said today in
a statement. In a letter to Tyco's board today, the bondholder
committee said the company ``attempted, unsuccessfully, to
coerce the bondholders to accept less than the full amount of
money owed to them.''
Read more at Bloomberg Bonds News
break up into three separate companies may be delayed because of
a lawsuit over whether the company has fulfilled its obligations
to bondholders, a group of creditors said.
Tyco failed to obtain debt holders' consent for the
breakup, a committee representing the noteholders said today in
a statement. In a letter to Tyco's board today, the bondholder
committee said the company ``attempted, unsuccessfully, to
coerce the bondholders to accept less than the full amount of
money owed to them.''
Read more at Bloomberg Bonds News
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