DT Security Services‬, ‪Initial public offering‬, ‪Apollo Global Management‬‬

-


ADT Inc., the home-security company owned by Apollo Global Management LLC, raised $1.47 billion in its U.S. initial public offering.
The company sold 105 million shares for $14 apiece Thursday after initially offering 111.1 million shares for $17 to $19 apiece.
ADT intends to use the proceeds to pay down debt and to redeem preferred securities held by Koch Industries Inc. New York-based buyout firm Apollo acquired ADT in 2016 for about $6.9 billion, or $12.3 billion including debt, through its existing portfolio company Protection One. ADT is led by Chief Executive Officer Tim Whall, previously Protection One’s CEO.
ADT, which has about 7.2 million customers, makes security monitoring devices such as surveillance cameras and burglary alarms, apart from home automation products including digital door locks and thermostats.
Handling about 15 million alarms annually, the company is the largest player in the residential monitored security industry with about 30 percent market share in the United States and Canada. However, it faces growing competition from monitoring apps that work directly on smartphones and other personal devices.


Comments

Post a Comment

Popular posts from this blog

Leclerc's crashes F1 car in huge accident Italian GP

-
Image
Leclerc's crashes his car in an accident at Parabolica the final corner in the Italian GP The race has been suspended and Charles is out of the car and okay Leclerc said this in the radio after crashing  “Was a big crash – arghh! I’m sorry, but honestly I struggled so much with the balance. I’m sorry .” We also note that his teammate Sebastian Vettel is out of the race after break failure   
Read more

Brad Pitt’s mum "Angelina Jolie ruined my son’s life"

-
Image
The pair  ended their marriage with a bitter split in 2016 , with the custody battle over their six children turning ugly. Jane Pitt believes "manipulative" Angelina is to blame for Brad's emotional turmoil. "Jane is a tough cookie, and she will never forgive Angelina for what she’s put the family through – especially since they’ve barely seen the kids since the divorce was announced," In November, Jane’s grandchildren, Maddox, 17, Pax, 15, Zahara, 13, Shiloh, 12, and 10-year-old twins Vivienne and Knox, were put out of their misery as their parents Pitt, 55, and Jolie 43, reached a custody agreement. “A custody agreement was agreed to weeks ago, and has been signed by both parties and the judge,” Jolie’s lawyer, Samantha Bley DeJean, told Entertainment Tonight in a statement on Nov. 30. “The agreement, which is based on the recommendations of the child custody evaluator, eliminates the need for a trial,” she continued. “The filing and th
Read more

Jeff Bezos of amazon divorce and his Secret Relationship

-
Image
The Amazon founder Jeff Bezos and the novelist MacKenzie Bezos announced on Twitter Wednesday that they are getting divorced after 25 years of marriage   They did not provide a reason for their separation. “We have decided to divorce and continue our shared lives as friends,” they said in the statement, which was posted to Jeff Bezos’ Twitter  page . “If we had known we would separate after 25 years, we would do it all again.” Bezos, who is the  CEO of  Amazon , has an estimated net worth  of $137 billion and topped Forbes’s list last year of the richest Americans (beating out Bill Gates, Warren Buffett and Mark Zuckerberg), as well as the list of billionaires worldwide. Bezos owns about 79 million shares of Amazon's stock, which are worth about $130 billion. The shares give him a 16% stake in the company, making him its largest shareholder by far. The second largest is Vanguard, which had about 6% of Amazon shares as of last February. Should Bezos have to give half of h
Read more

Trump want supporters to vote twice for him

-
Image
 President Donald Trump suggested to his supporters on Friday night that if they vote by mail they should also attempt to vote in person as a way to check that their vote is counted, which risks causing chaos at the polls and undermining confidence in the election Voting twice is illegal, and voting experts and state election supervisors warned it could put voters at risk of committing fraud. Election officials and voting experts agreed that an individual’s ballot is unlikely to be counted twice, but most condemned Trump’s attempts to goad supporters into trying. Many states use bar-coded tracking systems or other markings on ballots to show whether someone has already voted by mail. That would prevent the individual from voting again at the polls. In some states, a mail-in vote would be discarded if it arrived after the person had voted at a polling station. But officials don’t want a glut of people at polling sites trying to test the system, or adding delays and possible disputes at
Read more