Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Brink's Home Security Holdings, Inc.
20 Janvier 2010 - 5:23AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Brink’s Home Security Holdings, Inc. (“Brink’s” or the “Company”)
(NYSE:CFL) (now operating as Broadview Security) related to the
Company’s agreement to be acquired by Tyco International Ltd.
(“Tyco”). The cash-and-stock transaction is valued at approximately
$2 billion.
Under the terms of the parties’ agreement, Brink's shareholders
may elect to receive, for each Brink’s share: (a) $42.50 in cash;
(b) a combination of $12.75 in cash and a fraction of a Tyco share
equal to $29.75 divided by the volume-weighted average price of
Tyco's stock on the New York Stock Exchange during the 10-trading
day period ending on the fourth full trading day prior to the
closing date of the merger; or (c) Tyco shares equal to $42.50
divided by the volume-weighted average price described in (b)
above. The investigation concerns possible breaches of fiduciary
duty and other violations of law related to approval of the merger
agreement by the Brink’s board of directors.
If you own shares of Brink’s, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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