State Farm buys $1.2 billion stake in security services firm ADT - MegaIcon Magazine
State Farm has agreed on a $1.2 billion equity investment in ADT Inc. (ADT), giving it a 15% stake in the security services company. State Farm will acquire 133.3 million shares of ADT’s common stock at $9 per share, or 25% higher than Friday’s closing price. In a statement, ADT announced the team-up with the
