Tuesday, December 19, 2006

Pirate Capital Now Considering Nominatting Two More to Brink's (BCO) Board

In an amended 13D filing after the close on The Brink's Company (NYSE: BCO), 8.5% holder Pirate Capital, which has been pushing the company for a sale, said the company has not responded to its request that Thomas R. Hudson Jr. immediately be appointed to the company's Board of Directors other than to indicate that Mr. Hudson's nomination for election to the Board will be considered in due course.

Pirate is now contemplating proposing two additional nominees for election at the upcoming annual meeting.

Pirate's effort to have Brink's put on the auction block got a boost yesterday after another large holder, MMI Investments, said they also support a sale.

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