Scrutinizing the Tyco Split

Tyco (TYC) has formally announced shareholder approval to spin off its security and flow control units at the end of September. The flow control unit will be merging with Pentair (PNR). Meanwhile -- despite private equity and take-over murmurings -- the ADT security unit intends to remain an independent, publicly traded company.

Shares of the conglomerate are at their highest levels since the early 2000s, and are up 25% since a year ago. A week and a half before the anticipated Sept. 28 distribution -- the second such split in five years  -- the company sports market capitalization of $26 billion. In June 2007, Tyco completed a much-anticipated move and spun off Covidien (COV) and Tyco Electronics, now known as TE Connectivity (TEL). Since Covidien's 2009 lows, the company has kept pace with the broad market, but TE Connectivity is up nearly 300%....512 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.