UPS not interested in Tyco Capital

UPS said today that contrary to press reports, it has not expressed any interest in acquiring Tyco Capital, a subsidiary of Tyco International Ltd. According to Reuters, a subsidiary of General Motors Corp. is interested in acquiring Tyco Capital. Other firms reported to have shown an interest inacquiring Tyco Capital include Citigroup Inc., FleetBoston Financial Corp. and Wells Fargo.

UPS said today that contrary to press reports, it has not expressed any interest in acquiring Tyco Capital, a subsidiary of Tyco International Ltd.

According to Reuters, a subsidiary of General Motors Corp. is interested in acquiring Tyco Capital.

Other firms reported to have shown an interest inacquiring Tyco Capital include Citigroup Inc., FleetBoston Financial Corp. and Wells Fargo.

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