Tyco's Ed Breen: Let's Deal

摘要

Last fall, Edward D. Breen, the chief executive of Tyco International, played the corporate chieftain version of Deal or No Deal. General Electric was selling its security division, and Tyco was among the likely bidders. The acquisition would have been Tyco's first big one since 2002, when the company nearly collapsed amid charges of executive fraud. Some investors worried that GE's eclectic mix of equipment -oriented assets wouldn't be a great fit for Tyco's service - focused busi -ness. "It would have been a stretch," says Deane M. Dray, an analyst at FBR Capital Markets. Breen, 54, opted for no deal.