The ADT Corporation Agrees To Be Acquired By An Affiliate of Certain Funds Managed By Affiliates of Apollo Global Management, LLC For $42.00 Per Share In An All Cash Transaction
Transaction Delivers Significant Value to The ADT Corporation Stockholders and Provides Path for Future Growth of the Businesses Through the Combination of ADT and Protection 1
Acquisition Represents Premium of 56% Over Closing Stock Price
CHICAGO, NEW YORK and BOCA RATON, Fla., Feb. 16, 2016 -- The ADT Corporation (ADT) (“ADT”), a leading provider of monitored security, interactive home and business automation and related monitoring services in the United States and Canada, today announced that it has entered into a definitive agreement to be acquired by an affiliate of certain funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (APO) (together with its consolidated subsidiaries, “Apollo”) and co-investors and merged with a subsidiary of Prime Security Services Borrower, LLC (with its subsidiaries, “Protection 1”), a leading full-service business and home security company in the United States also owned by the Apollo Funds, for $42.00 per share in cash.
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Published: 16 February 2016
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Written by Editor
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