The 'Defend and Secure' business (their cyber security division) is the jewel in the PSC crown $3.1M EBITDA and $16M rev. It's an amalgamation of four seperate security companies that PSC paid $30M+ for over the last couple of years. The four companies have now been integrated under the one brand, lead by Kurt Hansen, the Security MD.
This would be deal of the century if TNT have managed to buy it. Under normal circumstances I'd say the chances are nil, but it looks like PSC Group are in a bit of financial strife, so you never know!
I guess all will be revealed in the next couple of hours. Fingers crossed.
TNT Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
