INSIGHTS
Brink’s Home Security Holdings, ("BHS") , a provider of monitored security services in North America, announced BHS shareholders voted to approve the merger agreement, the merger contemplated by the merger agreement and the plan of merger pursuant to which Tyco International will acquire BHS.
Tyco Finalizes Acquisition of Brink's
Date: 2010/05/17
Source: Brink’s Home Security Holdings
Brink's Home Security Holdings, ("BHS") , a provider of monitored security services in North America, announced BHS shareholders voted to approve the merger agreement, the merger contemplated by the merger agreement and the plan of merger pursuant to which Tyco International will acquire BHS.
The preliminary results from meeting of BHS shareholders indicate that approximately 99.6 percent of the votes cast by BHS common stock voted in favor of the proposal to approve the merger, which represents more than 72.7 percent of the outstanding shares of BHS common stock as of March 31, the record date of the meeting. Approval by shareholders holding a majority of the shares was required to approve the merger and related matters.
The merger is currently scheduled to close on May 14, subject to the satisfaction of customary closing conditions.