Levi & Korsinsky LLP is Investigating the Board of Directors of Brink’s Home Security Holdings Inc. (NYSE: CFL) for Possibl...
20 Enero 2010 - 1:43PM
Business Wire
Levi & Korsinsky LLP is investigating the proposed
acquisition of Brink’s Home Security Holdings Inc. (NYSE: CFL) by
Tyco International Ltd. The firm’s investigation seeks to determine
whether the consideration to be paid to shareholders in this
transaction is unfair and substantially below the fair or inherent
value of the Brink’s. Also, the investigation will focus on whether
the Board of Directors may have breached their fiduciary duties by
not adequately shopping the Company before entering into the
transaction.
On January 18, 2010, the companies announced that they had
reached an agreement for Tyco to acquire Brink’s in a $2 billion
transaction expected to close in the second half of its fiscal
year, which began September 26, 2009. According to the agreement,
shareholders will receive $42.50 per Brink’s share owned.
Shareholders will have the option to receive all cash, cash and
stock or all stock.
If you own common stock in Brink’s and wish to obtain additional
information, please contact us at 212-363-7500 or email us at
ek@zlk.com
Levi & Korsinsky LLP has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
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