Protection One-VOXCOM Deal for Canadian Assets Falls Through
CULVER CITY, Calif.
Protection One Inc. announces that the agreement to sell its Canadian assets to VOXCOM Inc. has been terminated. The transaction was contingent upon VOXCOM arranging financing, including an equity offering, which was not completed by the Nov. 1, 1999 expiration of the purchase agreement. VOXCOM’s purchase of Pro One’s Canadian assets was first announced Sept. 29, 1999. “Our Canadian operation continues to perform well,” says John E. Mack III, CEO of Protection One. “We will continue to evaluate our options, which include continuing to run the Canadian operation as well as pursuing a sale with another purchaser.”
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
