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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.

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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

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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.

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