CHICAGO, June 18 /PRNewswire/ -- Borg-Warner Security Corporation
(NYSE: BOR) today announced that, at the request of Merrill Lynch & Co., the
proposed secondary offering of Borg-Warner common stock held by certain
Merrill Lynch affiliated entities has been postponed.
Borg-Warner also announced that it had received an unsolicited preliminary
indication of interest from another company that would involve a business
combination between that company and Borg-Warner. No offer has been received
and Borg-Warner has no basis for determining when or whether any offer will be
made or, if one is made, whether it would be acceptable to Borg-Warner.
Borg-Warner Security Corporation is North America's largest provider of
physical security and related services with 75,000 employees and more than
300 offices throughout the United States, Canada, the United Kingdom and
Colombia.
SOURCE Borg-Warner Security Corporation
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Related links:
http://www.Borg-WarnerSecurity.com
Company News On-Call:
http://www.prnewswire.com/comp/120940.html or fax,
800-758-5804, ext. 120940
CONTACT:
Analysts, Jeff Cartwright, 312-322-8836, or
Media, Lynne Glovka, 312-322-8511, both of Borg-Warner Security
Corporation
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