NORWALK, Conn.--Thomas Hudson, manager of hedge fund Pirate Capital, in August stepped up the pressure on Brink's chief executive officer Michael Dan to do a tax-free split up, while at the same time Hudson sold roughly half of his Brink's shares.
PROVO, Utah--ApxAlarm in July showed that it will go multiple extra miles to ensure customer satisfaction when Apx vice president of operations Jack Inbar hopped a red-eye and flew from Utah to Evansville, Ind., to personally oversee a fix of Billie Jeanne Gilmore's newly installed Apx alarm system.
LAWRENCE, Kan.--In a move that appears to be structured, in part, to reduce debt and interest payments on its debt, Protection One on July 12 said in an SEC filing it and its stockholders may sell up to $172.
IRVING, Texas--The National Burglar & Fire Alarm Association's National Training School, which offers alarm training and certification, is now available online. Graduates of the Certified Alarm Technician (Level I) course can now seek their Advanced Burglar Alarm Technician (ABAT) training online.
NEW YORK--Citing Tyco's recent successful spin-off of its health care and electronics divisions, major Brink's shareholder MMI Investments on July 11 again urged The Brink's Company to do a tax-free spin off of either Brink's Home Security or its armored truck division, Brinks Inc.
In a letter to the Brink's board of directors, MMI's Clay Lifflander noted that the new Tyco (which he said derives 60 percent of its EBITDA from security company ADT) "trades at 10.