![]() I shouldn't expect to be calling a tech a number of times for Brinks to have a special discount for cheaper house call rates. Brinks offered I could upgrade for $7 more a month for $75 service calls. I was always able to get a tech out.at the most $90. ![]() If I wanted to do a diy security system, I wouldn't have left ADT. or i can be guided over the phone how to install and connect equipment and signals from each device and check the panels. No that the first year is up I have to pay $200+ for a technician to come out. Now I have was sent 9 window wireless sensors and a new glass breakage device (The alarm kept going off). A rep selling Skyline equipment set me up with new sensors, glass breakage and a ntract with Brinks. The transaction is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Act and the approval of Brink's Home Security Holdings shareholders.Was convinced to improve my alarm system from ADT to Brinks. ![]() The transaction is expected to close in the second half of Tyco's fiscal year, which began on September 26, 2009. As noted above, in the event the cash consideration to be paid to Brink's Home Security shareholders in the transaction exceeds approximately 30% of the total merger consideration, which is equal to approximately $584.5 million, plus an amount determined by multiplying $12.75 by the number of Brink's Home Security options that are exercised prior to closing (the "Available Cash Amount"), shareholders making a cash election will receive a mix of cash and Tyco shares for their shares of Brink's Home Security common stock in amounts that allow the overall cash consideration to be paid by Tyco to be capped at the Available Cash Amount. The stock component of the consideration is expected to be tax-free to Brink's Home Security shareholders. Under the terms of the agreement, for each Brink's Home Security Holdings share, Brink's Home Security Holdings shareholders may elect to receive: (1) $42.50 in cash, subject to proration if the elections would result in total cash consideration exceeding approximately 30% of the total merger consideration as described in further detail below (2) a combination of $12.75 in cash and a fraction of a Tyco share equal to $29.75 divided by the volume-weighted average price of Tyco's stock on the New York Stock Exchange during the 10-trading day period ending on the fourth full trading day prior to the closing date of the merger, subject to a collar between $32.97 and $40.29 or (3) Tyco shares equal to $42.50 divided by the volume-weighted average price described in (2) above, subject to the same collar. ADT's North American residential and small business operation, which is the most comparable to Broadview, has 4.8 million recurring revenue accounts and revenue of $2.2 billion in fiscal 2009. ADT has more than 7.4 million recurring revenue accounts globally and generated revenue of $7.0 billion in fiscal 2009. "We expect this combination to result in an even more efficient, more successful ADT."īroadview Security has more than 1.3 million recurring revenue accounts throughout North America with annualized revenue of approximately $565 million. We have highly complementary product and service offerings, strong sales and marketing organizations and a shared dedication to quality customer service," said Naren Gursahaney, President of ADT Worldwide. "ADT and Broadview are an excellent strategic fit. ![]() We view this transaction as the culmination of these efforts, providing our shareholders with an attractive premium for their shares, including cash consideration and an opportunity to participate in the future growth of Tyco International." "Broadview's strong presence in the North American security market, significant recurring revenue and attractive margins will enhance ADT's financial performance and support our long-term growth in this large, fragmented and highly competitive industry."īob Allen, President and Chief Executive Officer of Broadview said, "We are proud of all we have achieved as a company to increase our customer base, and to grow our revenue and income in a challenging economy. "This transaction provides us the opportunity to further strengthen our position in the residential and commercial security industry, while advancing Tyco's overall strategy to increase its presence in its core security, fire and flow control platforms," said Tyco Chairman and Chief Executive Officer Ed Breen.
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