LITTLE ROCK, Ark., Jan. 19, 2010 (GLOBE NEWSWIRE) -- Emerson Poynter LLP (www.emersonpoynter.com), a national law firm with offices in Little Rock, Arkansas and Houston, Texas, announces that it has launched an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors 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, Brinks' 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 the two businesses under the Tyco ADT name.
Emerson Poynter’s investigation centers on concerns that Brink’s Board of Directors’ acceptance and recommendation of the offer was fair and designed to secure the best possible value for all shareholders of Brink's.
Emerson Poynter LLP has a national and international class action legal practice with offices in Little Rock, Arkansas and Houston, Texas. Emerson Poynter handles complex commercial litigation with a concentration in those cases that involve violations of federal and state securities or antitrust laws, the Employee Retirement Income Security Act of 1974 (“ERISA”), and consumer protection laws. It has substantial experience in litigating large complex class-action cases and serves in a leadership position in numerous cases.
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 us.
CONTACT: Emerson Poynter LLP
John G. Emerson, Esq
Scott E. Poynter, Esq
501.907.2555
800.663.9817
Fax: 501.907.2556
epllp@emersonpoynter.com
www.emersonpoynter.com
500 President Clinton Ave, Suite 305
Little Rock, AR 72201