Posted on 12/14/2004 3:49:27 PM PST by Tumbleweed_Connection
Tyco International Inc. on Tuesday said the Securities and Exchange Commission has ordered information from the company on its involvement in the United Nations Oil for Food program in Iraq.
The diversified manufacturer, based in Princeton, N.J., said it is gathering information and "will fully cooperate in ongoing investigations."
Tyco said the SEC is seeking information on the company's participation, "if any," in the program, which had governed sale of Iraqi oil and is the subject of several corruption probes.
Shares of Tyco closed Tuesday at $34.94, up 52 cents, or 1.5 percent, on the New York Stock Exchange.
Ping!
Thanks- I'd overlooked this one.
Well, THAT is interesting.
Thanks for the heads up.
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