Kendall Law Group Investigates Brink’s Home Security Holdings Inc. on Behalf of Shareholders
20 Janvier 2010 - 12:21AM
Business Wire
Kendall Law Group, founded by a former federal judge, 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. This represents approximately 35% premium over
the $31.42 closing price of Brink’s on the last trading day before
the announcement.
If you are a current holder of CFL and would like additional
information concerning this proposed transaction, including your
rights, contact Hamilton Lindley at 877-744-3728 or by email at
hlindley@kendalllawgroup.com. Kendall Law Group has substantial
experience representing investors in mergers and acquisitions
nationwide. Lawyers at the firm include a former United States
Attorney, federal judicial law clerk, a former state and federal
judge, in addition to experienced securities lawyers.
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