Brink’s Home Security shareholders approve takeover by Tyco International

Brink’s Home Security shareholders OK Tyco deal

IRVING, Texas — Brink’s Home Security Holdings Inc. said its shareholders have approved its planned takeover by manufacturer Tyco International Ltd.

The $2 billion cash and stock deal is expected to close on Friday.

Tyco, which is headquartered in Schaffhausen, Switzerland, says the deal will strengthen its competitive position in the residential and commercial security industry.

The company’s shares rose $1.43, or 3.7 percent, to $39.75 in afternoon trading. Brink’s Home shares gained $1.08, or 2.6 percent, to $43.22.