Friday, February 16, 2007
The Brinks Company (NYSE:BCO) shares moved up $0.48, or 0.77%, to $62.90 during Friday's trading after Bloomberg released an article about Pirate Capital's intentions with the company. According to the article, Pirate manager Hudson said, "At this point the only question in my mind is whether the company should be sold in its entirety or split into two pieces and each piece sold to a separate buyer." Word of this question comes after Hudson was able to obtain a seat on the company's board after agreeing to withdraw their proxy contest. Meanwhile, Pirate is still maintaining their 8.5% stake in the company with the additional support of MMI Investments. Combined, these factors make BCO a stock that is definitely worth keeping an eye on!

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