ADT attracts over $1.5 billion in new investment from State Farm, Google


ADT secured investments totaling $1.5 billion from State Farm and a partnership to expand the security company’s customer base and improve risk mitigation for insured homeowners, the companies said.

As part of the deal, which was reported earlier by The Wall Street Journal, State Farm will spend $1.2 billion to buy 133.3 million ADT shares, or about 15% of the company. That represents a stock price of $9, higher than ADT’s Friday close of $7.21.


Wj

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