Dennis Kozlowski took the reins of Tyco International, Ltd (Tyco) in 1992. By the end of fiscal 2001, Tyco's Kozlowski made more than 100 announced acquisitions with a total income of more than $ 30 billion (Figure 1). Kozlowski strategy, called "growth on growth", working an aggressive approach Tyco to acquire the company and took out a little more than $ 3 billion in sales in 1992 to $ 36 billion in 2001. Investors support the company's strategy Tyco, as evidenced by the tenfold increase Tyco's share price over the same period (Figure 2). Analysts also praised Tyco, issuing reports with names such as "evidence in the Great Room Buy." But there was evidence really exists? This case describes a corporate merger and acquisition activity Tyco since its inception through the era Kozlovsky. In particular, it focuses on accounting practices used in conjunction with M & A activity, which helps to manipulate the profit Tyco. He goes into detail about buying CIT. "Hide
by Maureen McNichols, Nathan Blair Source: Stanford Graduate School of Business 28 pages. Publication Date: March 12, 2009. Prod. #: A202-PDF-ENG
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