Tyco International to Acquire Broadview Security (Brink's Home Security Holdings)

Tyco International Ltd. announced a definitive agreement to acquire all outstanding shares of Brink's Home Security Holdings, which operates as Broadview Security, for $42.50 per share, equating to a purchase price of approximately $2 billion. The transaction will be funded with up to 30% cash and the remainder with newly issued shares, and is expected to close in the second half of Tyco's fiscal 2010.

“We have entered into a definitive agreement to acquire all of the outstanding shares of Broadview Security for $42.50 per share, which equates to a purchase price of approximately $2 billion. The acquisition will be funded with up to 30% cash and the remainder with newly issued shares.”

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