Apollo Global to buy security services company ADT for $7 billion

February 16, 2016 12:25 PM

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Electronic security services provider ADT Corp (ADT.N) said it had agreed to be acquired by funds affiliated with private equity firm Apollo Global Management LLC (APO.N) for $7 billion.

ADT shares rose 52 percent to $40.88 in premarket trading on Tuesday, just shy of the cash offer price of $42.

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