Brinks to spin off its home security unit

Mon Feb 25, 2008 8:16am EST
 
[-] Text [+]

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)

 

Companies In This Article