Apollo-backed ADT to sell Canada operations, assets for $700 mln

ADT Inc has agreed to sell ADT Security Services Canada Inc to Telus Corp for about $700 million (US$527 million). The deal includes ADT Canada’s operations and assets. ADT said it also approved a one-time special dividend of up to US$550 million and plans to set the dividend at 70 cents per share. ADT is a provider of security and automation solutions backed by Apollo Global Management.

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