Robbins Umeda LLP Announces an Investigation of the Acquisition of Brink's Home Security Holdings, Inc. by Tyco International...
2010年3月16日 - 3:56AM
ビジネスワイヤ(英語)
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors (the "Board") of Brink's Home
Security Holdings, Inc. ("Brink's") (NYSE: CFL), now operating as
Broadview Security, in connection with their actions in causing
Brink's to enter into a definitive merger agreement with Tyco
International Ltd. ("Tyco") (NYSE: TYC). Under the terms of the
merger agreement, Brink's shareholders can elect to receive: (a)
$42.50 per share 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 ten 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 deal is expected to close in the
second half of Tyco's 2010 fiscal year, which began on September
26, 2009. Upon completion of the acquisition, Tyco intends to
combine Brink's with Tyco's ADT security business.
Robbins Umeda LLP's investigation concerns whether the
acceptance and recommendation of the offer by Brink's Board was
fair and designed to secure the best possible value for all
shareholders of Brink's. In addition, Robbins Umeda LLP is
investigating whether the Board has disclosed to the shareholders
of Brink's all material information to allow shareholders to make
an informed decision of whether to vote in favor of the proposed
acquisition and what type of consideration to elect.
If you are a shareholder of Brink's, now known as Broadview
Security, and would like more information about your rights as a
shareholder, please contact attorney Lauren Levi at 800-350-6003 or
by e-mail at llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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