Key Developments For Protection One, Inc.
Protection One, Inc. (PONE.O) (Consolidated Issue listed on NASDAQ Global Market)
Protection One, Inc. Announces Closing Of New $110 Million Senior Unsecured Term Loan
Protection One, Inc. announced that its operating subsidiary, Protection One Alarm Monitoring, Inc. (the Company), has successfully completed the closing of a new $110.3 million senior unsecured term loan from a syndicate of lenders led by Highfields Capital Management and Arlon Group. Bear, Stearns & Co. Inc. and Lehman Brothers Inc. were joint lead arrangers and joint bookrunners.
Protection One, Inc.'s Network Multifamily Launches New Wireless Retrofit Alarm Module
Protection One, Inc. announced that Network Multifamily Security Corporation, part of the Company, has developed the Multifamily 360EZ), which makes existing Network alarm systems compatible with cell phone-only and VoIP home phone systems for residents of multifamily communities.
Protection One, Inc. And Integrated Alarm Services Group Close Merger
Protection One, Inc. and Integrated Alarm Services Group (IASG) announced the closing of their merger, pursuant to which IASG will merge with a wholly owned subsidiary of the Company. On March 27, 2007, IASG shareholders voted overwhelmingly in favor of the merger, which received 99.9% of the 17.7 million shares cast. Pursuant to the merger, shareholders of IASG will receive 0.29 shares of the Company's common stock for each share of IASG common stock owned, plus cash for any fractional shares. Approximately 7.1 million shares of the Company's common stock will be issued resulting in a total of 25.3 million shares outstanding, of which IASG and the Company's shareholders will own approximately 28% and 72%, respectively.
Protection One, Inc. Begins Trading on NASDAQ
Protection One, Inc. announced that it has begun trading on NASDAQ. The stock has previously traded at OTC Bulletin Board under the ticker symbol "PONN ".
Protection One, Inc. Declares Special Cash Dividend of $3.86 Per Share
Protection One, Inc. announced a one-time special dividend of $3.86 per share of common stock. The dividend is payable on May 12, 2006, to holders of record on May 8, 2006.
