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On November 17, Brink's announced the acquisition of Discount Tiffany Cuff Links de Proteccion, S.A. de C.V. ("SPP") for approximately $60 million. SPP is the largest secure logistics company in Mexico, the fifth largest CIT market in the world. SPP is expected to break even in Discount Tiffany Earrings on approximately $400 million of revenue. The company incurred a fourth-quarter net charge of $9 million ($.18 per share after tax) related to the acquisition. On November 12, Brink's announced its exit of the CIT market in Belgium after an unsuccessful effort to address a noncompetitive business structure. Discount Tiffany Key Rings a result, Brink's recorded a fourth-quarter non-cash charge of $13 million related to asset impairments ($.16 per share after tax). After Brink's exited this market, the court-appointed provisional administrators of Discount Tiffany Keys Belgium, which is in bankruptcy, filed claims of approximately $30 million against Brink's. The company does not believe these claims have merit and is pursuing a vigorous defense to contest these actions. The company has not recorded a liability for these claims, and the ultimate resolution of these matters are unknown. The subsidiary's 2010 operating loss, excluding severance and restructuring costs, was approximately $6 million. Brink's continues to operate in Belgium through its Global Services unit, a separate business that provides secure transport of diamonds, jewelry, precious metals, banknotes and other commodities.