The company said the options also include a tax- free spinoff of the unit.

Tyco expects the tax- free spinoff to be completed early in the second quarter.

The tax- free spinoff is expected to be completed in autumn 2016, the company said.

Howard Hughes was formed in 2010 as a tax- free spinoff from General Growth Properties.

It announced the tax- free spinoff last October.

Yahoo is currently pursuing a tax- free spinoff of its core internet business, which could take at least a year.

In 2013, Tribune decided to separate its publishing business from its more-profitable broadcast division through a tax free spinoff.

The two-way break-up will be structured as a tax- free spinoff of the education business the company said in a statement.

But Yahoo is resisting, instead pursuing a tax- free spinoff of the core business, which could take at least a year.

Yahoo is resisting the calls, instead pursuing a tax- free spinoff of the core business, which could take at least a year.

Formed in 2002 by a tax- free spinoff from Plains Resources Inc, PXP has traditionally focused on oil drilling in Southern California.

Yahoo said last month it would pursue a tax- free spinoff of the core Internet business, which could take at least a year.

But if government and commercial businesses were separated in a tax- free spinoff, the two units would attract more buyers, the sources said.

Liberty has said it is interested in a tax- free spinoff of its stake in a transaction known as a Reverse Morris Trust.

Liberty Media has previously said it was considering a tax- free spinoff of its 46 percent stake in satellite radio provider Sirius XM.

The separation would be structured as a tax- free spinoff to shareholders on a pro rata basis, Madison Square Garden said on Friday..