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StockNews.com
StockNews.com
Business
Santanu Roy

1 Security Stock That's Well Positioned for 2023

ADT Inc. (ADT) provides security, interactive, and innovative home solutions to serve residential, small business, and commercial customers in the United States. Its segments include Consumer and Small Business (CSB); Commercial; and ADT Solar business (Solar).

On October 13, 2022, ADT announced that it had issued and sold in a private placement to State Farm 133.3 million shares (approximately 15% stake) of ADT common stock for a gross purchase price of $1.2 billion.

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