Deals & Cases

Deals & Cases

May 2010

Brink's Home Security Holdings merges into Tyco International

NYSE listed Brink’s Home Security Holdings, Inc., USA (NYSE: CFL), operating as Broadview Security, merged into Tyco International Ltd, a Swiss company listed on NYSE (NYSE: TYC), by way of a forward triangular merger. In exchange for their shares, the Brink's shareholders received, depending on their election, either cash, Tyco shares or a mixed cash and stock consideration. Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. It had 2009 revenue of more than USD 17 billion and has more than 100,000 employees worldwide.

Lenz & Staehelin advised Brink's Home Security Holdings as Swiss counsel in its merger into Tyco International. The team included Patrick Schleiffer and Veronika Nutt.

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