Bid/Ask: Apollo Global wants to secure ADT; the $11.1 million quarter of a buffalo
Apollo Global Management strikes a deal to nab ADT. The private equity giant plans to merge the home-security company with its Protection 1, an ADT rival. The agreement includes a 40-day “go shop” period in which ADT can consider other offers. Analysts say competing bids might come from cable and phone companies, which are beefing up their security offerings.