Shares Of Brink`s Home Security Holdings, Inc Rose Despite Legal Investigation, (CFL, TYC)

Symbols: CFL, TYC
Posted in: Earnings, News, Markets
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The Law Offices of Howard G. Smith announced that it is investigating potential claims against the board of directors of Brink`s Home Security Holdings, Inc. (NYSE: CFL) related to the Company's agreement to be acquired by Tyco International Ltd. (NYSE: TYC).

The cash-and-stock transaction is valued at approximately $2 billion. 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. Despite this, the share price for Brink`s Home Security Holdings, Inc. increased 32 percent to $41.54.


 
 
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