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ADT/Protection 1 merger gets FTC go-ahead

March 11, 2016Martha Entwistle

BOCA RATON, Fla.—The ADT/Protection 1 merger passed one regulatory hurdle this week when the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). ADT announced that it received the FTC go-ahead on March 9. The acquisition of ADT by private equity group Apollo Global Management and planned merger with Protection 1 was announced Feb. 16. The deal, which is expected to close in June, is still...

ADT, Apollo Global Management, FTC, regulatory approval