ADT Completes Its Accelerated Share Repurchase Program
BOCA RATON, Fla. -- April 12, 2013
The ADT Corporation (NYSE: ADT) today announced it completed its accelerated
share repurchase program on April 2, 2013. On January 29, 2013, the company
entered into an accelerated share repurchase agreement under which it
repurchased 12.6 million shares of its common stock for a total cost of $600
In addition to the accelerated share repurchase program, ADT may repurchase
shares of its common stock on the open market in accordance with Rule 10b5-1
of the Securities and Exchange Act of 1934, as amended. In December 2012, ADT
initiated a $100 million 10b5-1 share repurchase plan under which 2.2 million
shares of ADT common stock were repurchased prior to its completion on January
23, 2013. In February 2013, ADT initiated an additional $100 million 10b5-1
share repurchase plan. As of April 11, 2013, ADT had repurchased 2 million
shares of its common stock under this plan for a total cost of approximately
The company’s share repurchases under both the accelerated share repurchase
program and the 10b5-1 plans were made pursuant to ADT’s three-year, $2
billion share repurchase program, which was approved by the company’s board of
directors on November 26, 2012.
The ADT Corporation (NYSE: ADT) is a leading provider of electronic security,
interactive home and business automation and monitoring services for
residences and small businesses in the United States and Canada. ADT's broad
and pioneering set of products and services, including ADT Pulse interactive
home and business solutions, and home health services, meet a range of
customer needs for today’s active and increasingly mobile lifestyles.
Headquartered in Boca Raton, Florida, ADT helps provide peace of mind to more
than six million customers, and it employs approximately 16,000 people at 200
locations. More information is available at www.adt.com.
The ADT Corporation
Sarah Cohn, +1-561-322-7029
Craig Streem, +1-561-226-2983
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