Apollo Global Aims for $371M Capital Raise in ADT Stock Sale

Wednesday, 6 March 2024, 22:05

Apollo Global intends to raise $371 million through the sale of ADT shares in a secondary public offering. The move is managed by Apollo's affiliates and has caused a 4.6% drop in extended trading for ADT shares. This strategic fundraising initiative is poised to impact both Apollo Global's portfolio and ADT's market value significantly.

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Apollo's $371M Fundraising Move

ADT announces secondary public offering of common shares managed by affiliates of Apollo Global, leading to a 4.6% drop in extended trading.

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Apollo's $371M Fundraising Move

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