August 18, 1987 |
British conglomerate Hawley Group PLC said Monday that it offered to acquire Parsippany, N.J.-based ADT Inc. for $620.4 million, or $47 a share, in a move that would increase its share of the U.S. market for electronic security systems. ADT is the leading U.S. supplier of these systems. On news of the merger offer, ADT's stock rose $14.50 a share to $48.75 in New York Stock Exchange trading--the biggest dollar and percentage gainer of the day. There are 13.2 million shares outstanding.
July 7, 1996 |
Entrepreneur Wayne Huizenga made a big move in the used-car business last week, and experts saw the making of another Blockbuster. Republic Industries, the diversified company Huizenga has made his base of operations since selling Blockbuster Entertainment in 1994, agreed to buy ADT Inc. for $4.5 billion. ADT is a major security alarm company with a significant business in reconditioning and auctioning used cars.
August 13, 1996 |
Western Resources Increases Stake in ADT: The move by the Topeka, Kan.-based energy company may foreshadow an attempt to block Republic Industries Inc.'s planned acquisition of ADT Ltd., North America's largest electronic security company. Western Resources Inc. spent $24.5 million to increase its stake to 24% from 23.1%, according to a filing with the Securities and Exchange Commission. It also said it "may determine to oppose" Republic's bid for ADT but hasn't made a final decision.
November 8, 2007 |
Have you received calls from telemarketers -- which, of course, usually come at dinner time -- even though you were on the Do Not Call registry? The Federal Trade Commission called some of these alleged violators back, and it will cost them a lot more than an evening meal. The agency said Wednesday that several companies, including such nationally known names as Ameriquest Mortgage Co. and ADT Security Services Inc.
October 1, 1996 |
Republic Industries Inc.'s proposed $4.3-billion acquisition of ADT Ltd. was called off Monday, in a setback for empire builder Wayne Huizenga, the chairman of Republic. ADT is the nation's largest burglar alarm company and second in the growing field of used-car auctions, two businesses targeted by Huizenga before the stock-swap deal was announced three months ago. But doubts about the viability of the merger arose after Western Resources, a Topeka, Kan.
October 28, 1986
Cardkey Systems of Chatsworth signed a contract worth a minimum of $13 million with ADT Inc. to supply the New York-based security alarm company with magnetic cards designed to open electronically locked doors. The agreement calls for Cardkey to make the cards at its plants in Chatsworth and Reading, England. Cardkey said the deal would bring it into new markets. Cardkey is one of the nation's largest makers of what are known as electronic access-control systems.