Levi & Korsinsky is investigating the Board of Directors of Brink’s Home Security Holdings, Inc. (“Brink’s” or the “Company”) (NYSE: CFL) for possible breaches of fiduciary duty
New York, NY, January 28, 2010 — Levi & Korsinsky is investigating the Board of Directors of Brink’s Home Security Holdings, Inc. (“Brink’s” or the “Company”) (NYSE: CFL) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Tyco International Ltd. (“Tyco”). Under the terms of the transaction, 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 total transaction value is approximately $2.0 billion.
The investigation concerns whether the Brink’s Board of Directors breached their fiduciary duties to Brink’s stockholders by failing to adequately shop the Company before entering into this transaction and whether Tyco is underpaying for Brink’s shares, thus unlawfully harming Brink’s stockholders.
If you are a current holder of Brink’s and would like additional information, please contact us at the number listed below or visit http://www.zlk.com/cfl1.html.
Levi & Korsinsky 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.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street – 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Fax: (212) 363-7171, www.zlk.com
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Contact:
Joseph Levi
Levi & Korsinsky, LLP
New York, NY 10004
212-363-7500
[email protected]
