Enter multiple symbols separated by commas

Tyco International, Spun-Off Units' Shares Decline

Shares of Tyco International and its spun-off units, Covidien and Tyco Electronics, declined on Monday in their first official day of trading as separate entities.


Tyco Electronics' shares were off 6 cents at $39, and Covidien stock was down 12 cents, or 0.3%, at $42.98 in early trading on the New York Stock Exchange.

Both Tyco Electronics and Covidien had earlier been in positive territory.

Tyco International shares slipped 9 cents to $52.91 in early composite trading.

All three companies' shares trade on the Bermuda and New York exchanges.

Following the spin offs, Tyco International's main businesses will be in the fire, security and engineered-products markets, while Tyco Electronics makes electronic components and Covidien makes medical products, including supplies and pharmaceuticals.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Cramer: Here's a sign the market could rally

    Wall Street's been soaking in red, but "Mad Money" host Jim Cramer has one signal to watch for that could point to another run.

  • Burger war maneuvers

    Cramer looks at the number of company's selling burgers and tries to determine the quality names, as well as those to avoid.

  • Cramer: What's driving defense?

    Cramer says that even though President Obama has made it clear the US can no longer be the world's policeman, the country can become the world's arms dealer. Profiting from defense spending.