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ADT signs definitive agreement to sell Canadian ops to TELUS Corporation

October 1, 2019SSN Staff

BOCA RATON, Fla.—ADT Inc., a smart home security provider serving residential and business customers, today announced that it has entered into a definitive agreement to sell ADT Security Services Canada, Inc. to TELUS Corporation for approximately CA$700 million in cash, subject to certain adjustments. The transaction comprises all of ADT Canada's operations and assets, and is expected to close in the fourth quarter of 2019, contingent on customary closing conditions and other business requirements,...

ADT, Canadian Competition Bureau, commercial security, Jim DeVries, Residential Security, TELUS Corporation