Along with its guidance updates, Tyco (TYC) says it's gotten approval to break into three by...

|About: Tyco International Ltd. (TYC)|By:, SA News Editor

Along with its guidance updates, Tyco (TYC) says it's gotten approval to break into three by spinning off its ADT residential security line and its flow-control business from its fire and security business. The flow-control business is merging with Pentair but will still be majority-owned by Tyco holders. TYC -3.1% premarket.