Brief: ADT Announces Sale Of Commercial Business For $1.6 Bln

ADT

08/08/2023 11:56

Aug 8 (Reuters) - ADT Inc  ADT.N :
    * ADT ANNOUNCES SALE OF COMMERCIAL BUSINESS FOR $1.6 BILLION
    * ADT INC - DOES NOT PLAN TO CHANGE ITS QUARTERLY DIVIDEND.
    * ADT INC - TO SELL ITS COMMERCIAL SECURITY, FIRE AND LIFE
SAFETY
BUSINESS UNIT TO GTCR
    * ADT INC: PLANS TO USE NET AFTER-TAX CASH PROCEEDS OF
APPROXIMATELY $1.5 BILLION FROM DEAL FOR SIGNIFICANT DEBT
REDUCTION

Source text for Eikon:  ID:nGNX8Rff3W 
Further company coverage:  ADT.N 

 ((Reuters.Briefs@thomsonreuters.com;))