Securicor to sell US wireless arm for $36m
Securicor, the security, distribution and communications group, confirmed on Thursday that it was in advanced talks to sell its US wireless communications business for about $36m (£25.3m). The group also confirmed that Roger Wiggs, chief executive, will retire at the end of December, to be succeeded by Nick Buckles, chief executive of the security division. The sale of the US wireless business and the management change is likely to be interpreted as the start of a restructuring aimed at focusing the group on its core security division.
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