The 52-week price range is $24.22-$41.80 and the company has a market capitalization of $6.81 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 4 has assigned a hold rating, 0 says it’s a buy, and 1 have assigned a strong buy rating to the company.
ADT Corp (ADT) on March 28, 2016 announced the expiration of the 40-day “go shop” period included in the previously announced merger agreement under which ADT will be acquired by an affiliate of certain funds managed by affiliates of Apollo Global Management, LLC (APO). ADT and its representatives actively solicited alternative acquisition proposals during the go-shop period from 24 potential acquirers. During such time, none of these parties executed a confidentiality agreement or otherwise expressed an interest in pursuing a transaction, and no other party proposed an alternative transaction.
The ADT Corporation provides monitored security, interactive home and business automation, and related monitoring services in the United States and Canada. The company’s monitored security and home/business automation offerings include the installation and monitoring of residential and business security, and premises automation systems designed to detect intrusion, control access and react to movement, smoke, carbon monoxide, flooding, temperature, and other environmental conditions and hazards, as well as to address personal emergencies, such as injuries, medical emergencies, or incapacitation. It also provides various alternate and back-up alarm transmission methods, including cellular and broadband Internet; monitoring center supported personal emergency response system products and services; and customer service for maintenance and the installation of upgraded or additional equipment. The company offers its products primarily under the brand ADT and ADT Pulse to residential customers, including owners of single-family homes, as well as retail businesses, food and beverage service providers, medical offices and clinics, mechanical and auto-body shops, professional service providers, and small-scale commercial facilities. It markets its products through independent and third-party authorized dealers, affinity organizations, and third-party referral companies. The ADT Corporation was founded in 1874 and is headquartered in Boca Raton, Florida.
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