CHICAGO, May 29 /PRNewswire/ -- Borg-Warner Security Corporation
(NYSE: BOR) announced today that it has completed the previously announced
sale of its Wells Fargo Alarm business to ADT Security Services, a subsidiary
of Tyco International, Ltd. In exchange for the stock of Wells Fargo Alarm,
Borg-Warner received cash proceeds of approximately $425 million.
Borg-Warner Security Corporation is North America's largest provider of
security services. The company offers a complete range of services, including
electronic and physical security services under the Wells Fargo and Burns
brand names.
For a copy of this press release or for additional information on the
company, contact our web site at http://www.Borg-WarnerSecurity.com or
http://www.prnewswire.com.
SOURCE Borg-Warner Security Corporation
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Related links:
http://www.Borg-WarnerSecurity.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 120940
CONTACT:
Jeff Cartwright, Analysts, 312-322-8936, or
Lynne Glovka, Media, 312-322-8511, both for Borg-Warner Security
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