Brink’s Home Security sets date for shareholder vote on sale of company to Tyco International

Brink’s sets date for vote on sale to Tyco

IRVING, Texas — Brink’s Home Security Holdings Inc. said Monday its shareholders will vote May 12 on the company’s plan to sell itself to Tyco International Ltd.

A deal was announced in January whereby the conglomerate will purchase the home monitoring company for $42.50 per share, or $2 billion in cash and stock.

Brinks said shareholders of record as of March 31 may vote at the special meeting.

Tyco, headquartered in Schaffhausen, Switzerland, plans to combine Brink’s, which now operates as Broadview Security, with its ADT security business. The companies expect the deal to close before May 29 if shareholders give their approval.

Brink’s shares added 9 cents to close at $42.25. Tyco shares added 43 cents to finish at $37.22.