Countdown to ADT/Broadview merger

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05/10/2010
Unless technicalities arise, the acquisition of Broadview by Tyco/ADT will happen this Friday, May 14. This morning Tyco released stats about what BHS shareholders decided to do with their stock.
SCHAFFHAUSEN, Switzerland, May 10, 2010 /PRNewswire via COMTEX/ --Tyco International Ltd. (NYSE: TYC) ("Tyco") announced today the preliminary results of the merger consideration elections made by shareholders of Brink's Home Security Holdings, Inc. (NYSE: CFL) ("BHS") as to the form of merger consideration they wish to receive in connection with the acquisition of BHS by Tyco. Tyco anticipates closing the acquisition on May 14, 2010, assuming that BHS shareholders approve the transaction at a special meeting scheduled for May 12, 2010. Based on available information, as of the election deadline of 5:00 p.m. New York Time on May 7, 2010, the preliminary results of election are as follows: * All Cash Elections: Elections to receive 100% cash for each share of BHS common stock were made with respect to approximately 37,268,906 shares of BHS common stock (approximately 81.2% of the outstanding shares of BHS common stock); * All Stock Elections: Elections to receive 100% of Tyco common stock for each share of BHS common stock were made with respect to approximately 1,176,135 shares of BHS common stock (approximately 2.6% of the outstanding shares of BHS common stock); * Mixed Elections: Elections to receive a combination of cash and Tyco common stock for each share of BHS common stock were made with respect to approximately 1,862,189 shares of BHS common stock (approximately 4.1% of the outstanding shares of BHS common stock); and * Non-Elections: No election was made with respect to approximately 5,565,250 shares of BHS common stock (approximately 12.1% of the outstanding shares of BHS common stock). BHS shares with respect to which no election was made will be treated as Mixed Election shares.

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