IRVING, Texas, May 12 /PRNewswire-FirstCall/ -- Brink's Home
Security Holdings, Inc. ("BHS") (NYSE: CFL), one of the leading
providers of monitored security services in North America, today announced that, based
upon a preliminary tabulation of the shareholder vote by the
independent inspector of elections for the special meeting held to
approve the merger between BHS and a subsidiary of Tyco
International Ltd., BHS shareholders overwhelmingly voted to
approve the merger agreement, the merger contemplated by the merger
agreement and the plan of merger pursuant to which Tyco
International Ltd. will acquire BHS.
(Logo:
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The preliminary results from today's special meeting of BHS
shareholders indicate that approximately 99.6% of the votes cast by
BHS common stock voted in favor of the proposal to approve the
merger, which represents more than 72.7% of the outstanding shares
of BHS common stock as of March 31,
2010, the record date of the meeting. Approval by
shareholders holding a majority of the outstanding shares was
required to approve the merger and related matters.
The merger is currently scheduled to close on May 14, 2010, subject to the satisfaction of
customary closing conditions.
SAFE HARBOR
Statements in this release that are "forward-looking statements"
are based on current expectations and assumptions that are subject
to risks and uncertainties, including risks and uncertainties
related to the benefits from, or completion of, the proposed merger
transaction. Such statements include those made regarding the
proposed transaction between BHS and Tyco, the expected timetable
associated with completing the transaction, and any other
statements about the future expectations, beliefs, plans, prospects
or goals of the management of BHS and Tyco. Such risks and
uncertainties, include, but are not limited to: failure to satisfy
any of the conditions to the proposed merger transaction, adverse
effects on the market price of our common stock and on our
operating results because of a failure to complete the proposed
merger transaction, failure to realize the expected benefits of the
proposed merger transaction, negative effects of announcement or
consummation of the proposed merger transaction on the market price
of our common stock, significant transaction costs and/or unknown
liabilities and general economic and business conditions that
affect the combined companies following the proposed merger
transaction; unanticipated expenses such as litigation or legal
settlement expenses, and tax law changes. Actual results could
differ materially. For further information regarding risks and
uncertainties associated with Tyco's and BHS's businesses, please
refer to the "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and "Risk Factors" sections of
Tyco's and BHS's respective SEC filings, including, but not limited
to, their respective annual reports on Form 10-K and quarterly
reports on Form 10-Q, copies of which may be obtained, with respect
to Tyco, by contacting Investor Relations Department, Tyco
International Management Company, 9 Roszel Road, Princeton, New Jersey 08540 or at Tyco's
Investor Relations website at http://investors.tyco.com/ under the
heading "Investor Relations" and then under the heading "SEC
Filings" and with respect to BHS, by contacting Investor Relations,
Brink's Home Security Holdings, Inc., at 8880 Esters Boulevard,
Irving, Texas 75063 or at BHS's
Investor Relations website at
http://www.investors.brinkshomesecurity.com. Neither Tyco nor BHS
undertake any duty to update any forward-looking statement to
conform this release to actual results or changes in the
expectations of either company, except as required by law.
About Brink's Home Security Holdings, Inc.
Brink's Home Security Holdings, Inc. (NYSE: CFL), operating as
Broadview Security, headquartered in Irving, Texas, is one of the premier providers
of security system monitoring services for residential and
commercial properties in North
America. The Company operates throughout the United States and Western Canada and services approximately 1.4
million customers. For more information, please visit
http://www.broadviewsecurity.com/ or
www.brinkshomesecurityholdings.com.
About Tyco International
Tyco International Ltd. (NYSE: TYC) is a diversified, global
company that provides vital products and services to customers
around the world. Tyco is a leading provider of security products
and services, fire protection and detection products and services,
valves and controls, and other industrial products. Tyco had
revenue of more than $17 billion and
has more than 100,000 employees worldwide. More information on Tyco
can be found at www.tyco.com.
SOURCE Brink's Home Security Holdings, Inc.