Apollo said to seek up to USD 770mln in ADT (ADT) share sale, said to offer ADT shares for USD 7.30-7.55/each and will offer at up to a 3.3% discount, accordinig to Bloomberg

Apollo's move to sell up to USD 770 million in ADT shares at a discount indicates an aggressive strategy to liquidate positions while potentially signaling confidence in the stock's future performance at the offered price range. This could have broader implications for the sector and may influence short-term trading dynamics in ADT and similar equities as investors assess the discount and potential demand.