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SEC (Securities and Exchange Commission) accounting probe batters Tyco's fluctuating shares

This article was originally published in Clinica

Executive Summary

Tyco International's shares resumed their rollercoaster ride falling to a new year low, after the company said that the US Securities and Exchange Commission (SEC) had launched an informal inquiry into its acquisition accounting practices. The US conglomerate has made over 100 acquisitions in the past six years, including its $3.3 billion purchase of US Surgical last year.

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