The acquisition of Boca Raton-based security business ADT by private equity firm Apollo Global Management has been cleared to proceed by the Federal Trade Commission (FTC), according to a report by U.S.-based publishing company McClatchy.
The acquisition of Boca Raton-based security business ADT by private equity firm Apollo Global Management has been cleared to proceed by the Federal Trade Commission (FTC), according to a report by U.S.-based publishing company McClatchy.
The go-ahead, given on March 9 according to FTC's website, came after it was announced on February 16 that ADT, a security solutions provider for homes and businesses, has been acquired by Apollo, which will merge it with Protection 1, another home and commercial security company. The deal is worth nearly US$7 billion.
Apollo, which owns Protection 1 p...
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