Tag: regulatory approval
ADT/Protection 1 merger gets FTC go-ahead
March 11, 2016Martha Entwistle
BOCA RATON, Fla.—The ADT/Protection 1 merger passed one regulatory hurdle this week when the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).
ADT announced that it received the FTC go-ahead on March 9. The acquisition of ADT by private equity group Apollo Global Management and planned merger with Protection 1 was announced Feb. 16.
The deal, which is expected to close in June, is still...
ADT, Apollo Global Management, FTC, regulatory approval
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