NEW YORK, Oct. 5, 2015 /PRNewswire/ -- Starboard Value LP
(together with its affiliates, "Starboard"), the largest
shareholder of The Brink's Company (NYSE: BCO) ("Brink's" or the
"Company"), today announced that it has increased its ownership
stake in Brink's to approximately 12.4% and has delivered a letter
to Brink's CEO, CFO and Board of Directors (the "Board"). In the
letter, Starboard outlines Brink's history of poor performance and
missed execution as well as the compelling opportunity to improve
operating performance and create substantial shareholder value.
Starboard looks forward to continuing a constructive dialogue and
cooperative relationship with senior management and the Board.
The full text of Starboard's Letter to Brink's is available for
viewing at the following link:
http://www.starboardvalue.com/publications/Starboard_Value_LP_Letter_to_BCO_10.05.15.pdf
About Starboard Value LP
Starboard Value LP is a New
York-based investment adviser with a focused and fundamental
approach to investing in publicly traded U.S. companies. Starboard
invests in deeply undervalued companies and actively engages with
management teams and boards of directors to identify and execute on
opportunities to unlock value for the benefit of all
shareholders.
Investor contacts:
Peter Feld, (212) 201-4878
Gavin Molinelli, (212) 201-4828
www.starboardvalue.com
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SOURCE Starboard Value LP