Hints and tips:
...The homeowner insurance mainstay will invest $1.2bn in ADT at modest premium to the current trading price. In exchange it will own 15 per cent of ADT....
...“People tend to move less frequently, which means that they don’t tend to cancel their accounts,” said ADT chief financial officer Jeffrey Likosar....
...of ADT’s smart-home offering.”...
...Bloomberg) News round-up Siemens Healthineers to buy Varian in $16.4bn deal (FT) + (Lex) HSBC profits plunge 96% as loan-loss provisions jump on coronavirus (FT) + (Lex) Google signs $750m deal with ADT...
...It is not selling any of its shares; ADT is issuing new ones....
...Shares of ADT, the home security company, priced have lost nearly 40 per cent since it listed in January. Any pick-up in market volatility is seen weighing more on valuations than deals....
...Mr Rivers said he did not expect ADT’s performance to damp investors’ appetite for IPOs. “I do not think it has a psychological impact,” he said....
...Shares in security companies ADT and Alarm.com fell when Amazon’s Ring deal was announced....
...ADT has an operating margin of 50 per cent....
...That marked its remarkable sixth take-private of 2016, a group that includes such companies as ADT, Fresh Market and Diamond Resorts....
...“This transaction represents a highly attractive premium for ADT’s shareholders,” Naren Gursahaney, ADT’s president and chief executive, said....
...In the first quarter, Apollo made three big deals — ADT Security Services, The Fresh Market and Apollo Education....
Tyco’s merger-unwinding efforts end with a merger. Of course
...Monday’s $28.50 a share cash offer for Fresh Market follows Apollo’s $1.1bn and $15bn buyouts respectively of Apollo Education and home security maker ADT, which were both announced last month....
Proposed cash and stock deal rebuffed on antitrust concerns
...The US private equity manager and its co-investors agreed to pay $10bn to acquire ADT, a Florida-based home security systems provider....
Alex Molinaroli had an affair with a consultant, and supported a man involved in a Ponzi scheme
Outbound M&A takes off as business leaders grow in status
...Tyco split into three in 2012, spinning off the ADT security company and Pentair, a valve maker....
...The other parts became Pentair, which makes heating, ventilation and air conditioning systems, and ADT, a specialist in building security....
Currency strength set to wipe more than $2bn from quarterly sales
...The auctioneer was listed until 1987, when it was sold to Lord Ashcroft’s ADT conglomerate....
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