Clearing House Advisory Notices
To | Clearing Member Firms
From | Clearing House Department
Subject | CORPORATE EVENT: Tyco International Ltd. (TYC) Contract Adjustment 7/2/07
Notice Date | 2007-06-28
Notice Number | 07-156
Effective Date | 2007-07-02
Tyco International Ltd. (TYC) has announced a distribution of shares of common stock of Covidien Ltd. (COV) and Tyco Electronics Ltd. (TEL). The distribution ratios will be 0.25 share of common stock of Covidien Ltd. And 0.25 share of common stock of Tyco Electronics Ltd. for each one (1) share of common stock of Tyco International Ltd. The ex-date for the distribution will be Monday, July 2, 2007. Opening positions and start-of-day prices for July 2, 2007 will be based on final positions and settlement prices from Friday, June 29, 2007. This corporate action will be coordinated with the Options Clearing Corporation. For the full text of this advisory . . .