The Brinks Company, BCO, famous for its armored trucks that carry cash around for banks, business, and the like, has announced that it will spin off its home security unit. Brinks shareholders as of October 21, 2008, will receive one share of the new company, Brinks Home Security Holdings, for each share of Brinks.

Brinks Home Security Holdings is applying to trade under the symbol CFL. So far the logic of choosing that symbol has not been divulged, nor has the registration statement been filed, but they assure us that is all in process.

It will be interesting to see how the two parts divide out. Not that “home” anything feels too appetizing just now, but perhaps management will illuminate us on how this might be a real opportunity in the form 10.

Tags: BCO, Brinks, spin off