Apollo to Buy ADT for $6.9 Billion in 2016's Biggest LBO Yet

  • Investment firm's co-founder had said LBO pipeline drying up
  • Holders to receive $42 a share in cash, a 56% premium

Apollo's $6.9 Billion ADT Purchase Defies Debt Markets

Apollo Global Management said it would acquire home-security monitoring company ADT Corp. for about $6.9 billion, agreeing to the biggest leveraged buyout of the year against a backdrop of credit markets that have seized up.

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