ADT Agrees To $450M Share Repurchase Deal With Corvex
The deal calls for a repurchase price of $44.01 per share, which equals ADT's closing share price on Friday. Additionally, Corvex founder and managing partner Keith Meister has resigned from the ADT’s board of directors, according to ADT.
After the stock repurchase, Corvex will continue to own a “meaningful number” of ADT shares....
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