Brink's evaluates sale

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11/28/2007
Activist hedge fund Pirate Capital’s relentless foot-stomping appears to have yielded some initial results. Today Brink’s—parent company of Brink’s Home Security and Brink’s Incorporated, the cash-handling business—announced that it’s hired the consulting firm Monitor Group to “evaluate its strategic alternatives. Pirate (along with other major shareholders like MMI) have been after The Brink’s Company to consider selling off one of its divisions for more than a year.