Re: More on Tyco & Broadview deal

[nick markowitz <nmarkowitz@xxxxxxxxx>]

On Jan 19, 12:12=A0am, "Russell Brill" <russwbr...@xxxxxxxxxxxxx> wrote:
> NEW YORK (Reuters) - Security products maker Tyco International will acqu=
ire
> Broadview Security for $1.9 billion in a deal that brings together two bi=
g
> North American names in residential and commercial security, the two
> companies said on Monday.
>
> The cash-and-stock deal values Broadview at $42.50 a share, a 35 percent
> premium to its Friday closing price of $31.36. Irving, Texas-based Brink'=
s
> Home Security Holdings Inc operates as Broadview Security.
>
> Tyco plans to combine Broadview with its ADT security business. The compa=
ny
> expects the deal to add to earnings before special items by about 7 cents=
 in
> the first full year after closing.
>
> The deal has been approved by the boards of both companies.
>
> Under the terms, Brink's shareholders may elect to receive either cash or=
 a
> combination of stock and cash, subject to various criteria.
>
> Citi acted as financial adviser to Tyco, and Morgan Stanley advised Brink=
's
> Home Security.
>
> Tyco also said it expects to earn between 63 cents and 65 cents per share
> from continuing operations, excluding special items, for the fiscal first
> quarter of 2010. Previously, it had said it expects to earn between 48 ce=
nts
> and 50 cents per share.
>
> Tyco said the preliminary results included revenue of $4.25 billion for t=
he
> quarter, exceeding previous guidance of $4.1 billion.
>
> (Reporting by Anupreeta Das; Editing by Martin Golan)

Figured this was going to happen sooner or later. sounds like the old
Security Link deal years ago
and customer gets screwed as usual.
All the security magazines make such a big deal out of all these
mergers as one fsh swallows another and what good has any of this done
for the security industry not a dam thing.