Apollo Global Management acquired ADT Corporation, a leading provider of monitored security, interactive home and business automation and related monitoring services, for $15bn. The purchase price represented a premium of approximately 56% over ADT’s closing share price on February 12, 2016. “This transaction represents a highly attractive premium for ADT’s shareholders,” said Naren Gursahaney, President and CEO of ADT. “We’re proud to have strengthened the quality of our customer base, improved service and retention, and extended our leadership in innovative solutions such as our ADT Pulse platform and our new Security-as-a-Service offering, ADT Canopy. By combining Protection 1 with ADT, we will be better positioned to expand the breadth and depth of the services we offer to our customers throughout the United States and Canada.”