Tyco International Ltd (TYC.N) chief Ed Breen has spent nearly a decade cleaning up the U.S. conglomerate, paying down debt and slimming down the company to just three integrated divisions. His efforts were recognized this week when Tyco shares jumped 10 percent on signs French industrial giant Schneider Electric SA (SCHN.PA) has its eye on the company, which specializes in home security systems. Despite Schneider's carefully worded denial on Wednesday that it was not "currently" in talks with Tyco, it has become abundantly clear Tyco is in play. And even if the courtship comes to nothing, there are likely other suitors, analysts and bankers say, pointing to conglomerates such as United Technologies Corp (UTX.N), Honeywell International Inc (HON.N), ABB Ltd (ABBN.VX) and Siemens AG (SIEGn.DE).
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