Wednesday, December 12, 2007

Brinks (BCO) Holder MMI Wants To Assist In Strategic Review

In an amended 13D filing this morning on Brinks Co. (NYSE: BCO), 8.4% shareholder MMI Investments, L.P disclosed a letter to the company's consulting firm, Monitor Group, requesting to assist in the evaluation of the strategic options available to the company.

From the letter, "We read with interest the announcement of Monitor Group's retention by The Brink's Company "to assist in the ongoing evaluation of the various strategic options available to the company." During our more than four years as one of the largest owners of Brink's we have spent extensive time and effort scrutinizing Brink's chronic undervaluation and attempting to unlock the company’s significant intrinsic value through the encouragement of strategic alternatives. We believe Monitor Group would benefit from our experience and insights on these issues and would appreciate the opportunity to communicate with your team directly."

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