Brink's closer to spinning off its home security business

By Lisa Kerner

Charlotte, N.C., May 30 - The Brink's Co. said Brink's Home Security Holdings, Inc. filed a form 10 with the Securities and Exchange Commission in connection with the planned spinoff of Brink's Home Security into a separate publicly traded company.

The tax-free spinoff to shareholders, first announced in February, is expected to be completed in the fourth quarter of 2008, a Brink's news release stated.

Richmond, Va.-based Brink's will continue to operate its secure transportation and cash management unit, Brink's Inc., once the spinoff is complete.

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