ADT Announces Sale Of Commercial Business For $1.6B
Portfolio Pulse from Benzinga Newsdesk
ADT Inc. has announced the sale of its commercial business for $1.6 billion.
August 08, 2023 | 10:56 am
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ADT Inc. has sold its commercial business for $1.6 billion, which could potentially impact its financial position and stock price.
The sale of a significant business segment like the commercial business could have various impacts on ADT Inc. It could potentially free up resources for other ventures or pay down debt, which could be positive for the stock. However, it also means losing a source of revenue, which could negatively impact the stock. The net effect on the stock price will depend on how investors interpret this move.
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