ADT Says ‘Go-Shop’ Period Expires; Apollo Acquisition to Move Forward

ADT actively solicited alternative acquisition proposals during the 40-day period from 24 potential acquirers.

BOCA RATON, Fla. – ADT Corp. said today its acquisition by private-equity firm Apollo Global Management is expected to close by June after a 40-day “go-shop” period ended with no bidders.

In a press release the company stated:

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.

In February, Apollo said it was acquiring the publicly traded home-security company in a deal worth about $6.93 billion. Go-shop period provisions allow companies involved in an acquisition to continue looking for competing offers during a certain time frame.

The deal is still subject to ADT stockholder approval and other closing conditions.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

About the Author


Although Bosch’s name is quite familiar to those in the security industry, his previous experience has been in daily newspaper journalism. Prior to joining SECURITY SALES & INTEGRATION in 2006, he spent 15 years with the Los Angeles Times, where he performed a wide assortment of editorial responsibilities, including feature and metro department assignments as well as content producing for Bosch is a graduate of California State University, Fresno with a degree in Mass Communication & Journalism. In 2007, he successfully completed the National Burglar and Fire Alarm Association’s National Training School coursework to become a Certified Level I Alarm Technician.

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.

A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Subscribe Today!

Get Our Newsletters