ADT announced a proposed secondary public offering of 71M shares of the company’s common stock held by certain entities managed by affiliates of Apollo Global Management. The company is not selling any shares and will not receive any proceeds from the proposed offering. Barclays and Citigroup are acting as book-running managers for the proposed offering.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADT:
