ADT Corporation set to be acquired by Apollo Global Management for reported $42 per share
Security systems specialist ADT Corporation is set to be acquired by private equity firm Apollo Global Management. At $42 per share, the deal (unveiled on ADT’s website on Tuesday 16 February) represents the largest leveraged buy-out to be witnessed thus far in 2016.
The purchase price represents a premium of approximately 56% over ADT’s closing share price on 12 February 2016 and, when combined with Protection 1, represents an aggregate transaction value of approximately $15 billion.
The headquarters of the combined company will remain in Boca Raton, Florida, while the combined company will operate primarily under the ADT brand.