Cargo shipper BAX Global of Irvine could be up for sale for as much as $500 million, according to a report in Thursday’s Wall Street Journal.
Shares of Bax’s Virginia-based parent Brink’s Co. closed up 13.5% Thursday on the news.
The story said Brink’s is actively seeking a buyer for BAX, which counts yearly revenue of $2.4 billion.
A sale would allow Brink’s to focus on its home security business, the story said.
