ADT Loses Trademark Battle With Former APT Competitor
The security giant had sought reversal of its $27 million damages claim of a year ago.
The security giant had sought reversal of its $27 million damages claim of a year ago.
ADT actively solicited alternative acquisition proposals during the 40-day period from 24 potential acquirers.
Lawyers for Eli Lilly blame lax control over computer data allowed burglars to steal more than $60 million of drugs in 2010.
The scammers use the disguise of ADT representatives to gain access to people’s homes.
The acquisition marks one of the biggest leveraged buyouts of a security company in the past few years.
SSI spoke to half a dozen industry stakeholders from across the financial, M&A, integration and consultant professions to gain a deeper perspective of the $7 billion mega deal for ADT Corp.
In a research report, Imperial Capital states there appears to be a large disconnect between the public and private market valuations for home security and home control companies.
ADT CEO: Transaction is ‘a highly attractive premium for ADT’s shareholders.’
Publicly-traded electronic security companies had mostly dreary returns during 2015, ending a six-year run of outperforming the S&P 500.
The company’s total revenue reached $900 million, up from $877 million in the first quarter of fiscal 2015.