Brink’s to spin off home-security arm on Oct 31

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U.S.-based security company Brink’s Co (BCO.N: Quote, Profile, Research, Stock Buzz) plans to spin off its home-security unit on October 31, the company said on Friday.Shareholders in the parent company will receive one share of the new company, called Brink’s Home Security Holdings Inc, for each Brink’s Co share they hold as of October 21. Brink’s has applied for approval for the spun-off entity to trade on the New York Stock Exchange under the ticker “CFL.”


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