The Brink's Company (NYSE:BCO) is again in the news today as Pirate Capital makes a move on the company. In a 13D/A filing with the SEC, Pirate disclosed an 8.5% stake in the company and said that they intended to nominate two of its own people to the board of directors at the next shareholder election. Specifically, the filing stated:

"The Issuer has not responded to Pirate's request that Thomas R. Hudson Jr. immediately be appointed to the Issuer'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. In the event that Pirate proposes the additional nominees, Pirate intends to give notice of their nomination for election to the Board, along with the notice of Mr. Hudson's nomination, prior to the expiration of the time set for shareholder nominations in the Issuer's by-laws." (Read More)

This move comes shortly after MMI Investments came out in support of any activist investors that would institute change in the company. As we said before, the combined group now accounts for nearly 25% of the company's outstanding shares. With such a large stake, this coalition has a good chance of forcing the board of directors to at least consider the possibility of a sale in 2007.

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