re: Ann: Update on Signature Security Group c...
We should be hearing something on this soon. The announcement mentioned a week to sign up the independant expert and three weeks for them to make a determination. Surely the company must have some news to disclose.
Had a look at the Tyco result transcript 28/07/11: http://www.morningstar.com/earnings/PrintTranscript.aspx?id=28629472
Quote re Signature:
"Signature Security closed during the third quarter and the integration plan, which is similar to Broadview's, is well underway.
Although purchase accounting adjustments are a bit dilutive to earnings initially, we have identified cost synergies that will enable this acquisition to become accretive in the near-term"
No mention of any dispute but 20m is not much compared to 1B+ profits. Not sure what the earnings dilution is about. Maybe writedown of some sort? Could be related to the dispute.
Anyway more questions than answers at this stage
OCP Price at posting:
$2.18 Sentiment: Hold Disclosure: Held
