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ADT holds strategic talks with investment firm; shares up

October 25, 2012Tess Nacelewicz

The ADT Corp. has been making headlines ever since it split off from Tyco International on Sept. 28. Here's the latest from Reuters news service today: ADT Corp ... said on Thursday that it had held constructive discussion with Corvex Management LP, an investment firm that has taken a 5.02 percent stake. Founded by Keith Meister, one of activist investor Carl Icahn's longtime associates, Corvex said in a filing with the U.S. Securities and Exchange Commission that it believed ADT shares were undervalued...

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