$6.9b

Bloomberg Businessweek (Europe) - - MARKETS / FINANCE - By Kyle Stock

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.

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