ADT Sells to Apollo Management Group

ADT has sold itself to Apollo Global Management with the intent to merge with Protection1 and ASG Security.

The combined company will operate under the name ADT.  ADT has 40 days in which to shop a better deal, if available.  Tim Whall, long-time security industry acquisition specialist, will head the new ADT.   Pending the 40 day clause, SEC review and stockholder approval, the deal should be completed by June 2016.

Information was taken from the ADT website..

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