Tyco's Kozlowski and Swartz to Buy 1 Million Shares of Tyco Stock

    PEMBROKE, Bermuda, Jan. 30 /PRNewswire-FirstCall/-- Tyco International
 Chairman and Chief Executive Officer, L. Dennis Kozlowski, announced today
 that he intends to purchase, in the open market, with his own funds, 500,000
 shares of Tyco common stock, and Tyco Chief Financial Officer, Mark Swartz,
 intends to purchase, also with his own funds, 500,000 Tyco shares.  Mr.
 Kozlowski further announced that the window is open for other Tyco officers
 and directors to purchase shares as well.  In making this announcement, Mr.
 Kozlowski reaffirmed his belief that the company is substantially undervalued
 by the marketplace, and his complete confidence in the long-term investment
 value of Tyco shares.
 
     About Tyco International, Ltd.
     Tyco International Ltd. (NYSE:   TYC, LSE: TYI, BSX: TYC) is a diversified
 manufacturing and service company. Tyco is the world's largest manufacturer
 and servicer of electrical and electronic components; the world's largest
 designer, manufacturer, installer and servicer of undersea telecommunications
 systems; the world's largest manufacturer, installer and provider of fire
 protection systems and electronic security services and the world's largest
 manufacturer of specialty valves. Tyco also holds strong leadership positions
 in disposable medical products, financing and leasing capital, plastics and
 adhesives. Tyco operates in more than 100 countries and had fiscal 2001
 revenues of approximately $36 billion.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X08627325
 
 

SOURCE Tyco International, Ltd.
RELATED LINKS
http://www.tycoint.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.