{"id":6845,"date":"2007-11-30T00:00:00","date_gmt":"2007-11-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-to-nominate-four-for-brinks-board","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2007\/hedge-fund-to-nominate-four-for-brinks-board.html","title":{"rendered":"Hedge Fund to Nominate Four for Brink&#8217;s Board"},"content":{"rendered":"<p>  New York Times- Millbrook Capital, the activist hedge fund seeking a breakup or sale of the <a href=  \"http:\/\/www.nytimes.com\/mem\/MWredirect.html?MW=http:\/\/custom.marketwatch.com\/custom\/nyt-com\/html-companyprofile.asp&amp;symb=BCO\" title=\"Brink\u00c3\u00af\u00c2\u00bf\u00c2\u00bds Company\">Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Company<\/a>, is expected to  announce its four nominees today for directors of the security company.<\/p>\n<p>  The announcement is the next step in Millbrook\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s effort to force changes at Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s. The company\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s shares have risen threefold since Millbrook first invested in 2003, but the hedge fund has argued  that the stock could rise even further if Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s separated its armored truck and security provider units.<\/p>\n<p>  (The company announced on Wednesday that it hired the Monitor Group, a consulting firm, to evaluate its strategic options.)<\/p>\n<p>  Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s shares rose 56 cents to $61.71 yesterday.<\/p>\n<p>  Millbrook has argued that the current board, excluding Michael T. Dan, Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s chairman and chief executive, lacks both Wall Street and security-industry experience. Another activist fund, Pirate  Capital, called last month for the separation of the chairman and chief executive positions and the elimination of the staggered board system.<\/p>\n<p>  <a href=  \"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/www.nytimes.com\/2007\/11\/30\/business\/30brinks.html%3Fref%3Dbusiness&amp;cid=1124218396&amp;ei=DOpPR-OoBZOgqwOkwsyUCw\"><strong>  Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times- Millbrook Capital, the activist hedge fund seeking a breakup or sale of the Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Company, is expected to announce its four nominees today for directors of the security company. The announcement is the next step in Millbrook\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6845","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6845"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6845\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}