Brinks to spin off its home security unit
NEW YORK |
NEW YORK (Reuters) - Security company Brinks Co (BCO.N) said on Monday it would spin off its Home Security unit into a separate publicly traded company.
The spin-off is expected to be completed in the fourth quarter of 2008, and will likely take the form of a tax-free stock distribution to Brink's Co shareholders.
(Reporting by Chelsea Emery)
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