The international press and shareholders will today get a chance to meet with Tyco International's senior management face to face in Hamilton when they attend the company's annual general meeting this morning.

The diversified manufacturing company, which is based in Bermuda, has seen its stock price plummet after question arose over its accounting practices following the collapse of Enron. Tyco has also been battered by concerns about the pace of a planned breakup.

Tyco has strongly defended its accounting practices and has been holding weekly investor calls to calm jittery nerves of its stockholders.

And today shareholders will have the chance to question Tyco's management. International press have flown in to cover the event, which will take place in the Fairmont Hamilton Princess, next door to the company's headquarters.

Yesterday Tyco's luck turned and the company's stock helped lift the Standard & Poor's 500 Index for the first time in four days after the company said its CIT Group finance unit raised $1.2 billion in a sale of securities backed by customer bills to repay maturing debt.

And analysts have been saying this week that Tyco's stock is undervalued and is a good buy.

Phua Young at Merrill Lynch is one of the crowd who believes the shares of Tyco are undervalued, but acknowledged that "negative news flow" could provide a hindrance.

The stock is currently up 28 cents at $28.18. He feels the current price reflects the value of Tyco's security and electronics business, which suggests little value is being placed on company's remaining parts.

On this week's conference call, Tyco indicated that there were currently several discussions taking place over the sale of its CIT and plastics units in the near term, and that other assets had attracted interest.

Tyco received "unsolicited"' interest for other assets, chief executive officer Dennis Kozlowski said on the weekly call with analysts and investors.

Tyco will consider bids for the finance, security and electronics, fire-protection,and medical units before spinning them off to shareholders, Mr. Kozlowski said.

Yesterday Tyco announced that CIT Group, a subsidiary of Tyco, said it has completed a previously-announced initiative to enhance its liquidity.

The financing company said $1.2 billion in financing, which is backed by accounts receivable, was arranged by J.P. Morgan Chase, Citigroup's Citibank, N.A. and the New York branch of Credit Suisse First Boston.

The company plans to use the proceeds from the deal to repay term debt.

"The completion of this important initiative underscores our commitment to the investor community as well as our ability to execute on our previously announced liquidity plans," said Albert Gamper, CIT's chief executive.

CIT added that it expects to finalise a home equity loan securitisation vehicle in the next several weeks.