Why ADT Stock Is Soaring Today
ADT Inc (NYSE: ADT ) shares are trading higher Tuesday after the company announced it has secured investments totaling $1.5 billion from State Farm and Google. State Farm will invest $1.2 billion in ADT at $9 per share, acquiring about 133.3 million shares or 15% of the company. State Farm will also invest up to $300 million in ADT to fund product and technology innovation and marketing and customer acquisition. The insurer will also get a seat on ADT’s … Full story available on Benzinga.com
Why ADT Stock Is Soaring Today
ADT Inc (NYSE: ADT ) shares are trading higher Tuesday after the company announced it has secured investments totaling $1.5 billion from State Farm and Google. State Farm will invest $1.2 billion in ADT at $9 per share, acquiring about 133.3 million shares or 15% of the company. State Farm will also invest up to $300 million in ADT to fund product and technology innovation and marketing and customer acquisition. The insurer will also get a seat on ADT’s … Full story available on Benzinga.com