Browsing Category: "Spinoffs"
On June 29th, Tyco International (TYC) spun off Covidien (COV) and Tyco Electronics (TEL). Many investors, including several prominent value investors, had been waiting for this spinoff opportunity for quite some time. But as you can imagine, if everyone was waiting for this opportunity, the likelihood of the market mispricing these stocks was slim to none. Nevertheless, [...]
