Tyco Locks Up Broadview Security for $2 Billion


When Dennis Kozlowski became CEO of Tyco (TYC) in the early 1990s, he ignited a relentless M&A strategy, acquiring more than 1,000 companies. Wall Street loved it, and the stock price soared, making it easier and easier to do deals. But the house of cards fell apart in 2002 when Tyco got embroiled in an accounting scandal.