Why ADT Stock Jumped Today | The Motley Fool
The security specialist secured a $1.5 billion investment from an insurance giant.
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The security specialist secured a $1.5 billion investment from an insurance giant.
06.09.2022 - New integrated offering aims to deliver substantial customer value with smart home technology to detect and mitigate losses related to water, fire, intrusion and other homeownership-related risks State Farm to invest $1.2 billion in ADT at $9.00 ... Seite 1
The deal has State Farm committing up to $300 million for ADT product innovation, marketing, and customer growth.
Shares of ADT soared more than 14% on the news in early trading.
State Farm is making a $1.2 billion investment in ADT, a deal that will give State Farm a 15% stake in the company.