Nothing to be alarmed about
IS IT a yearning for security that makes so many potential partners seek solace in ADT? Last July the Bermuda-based firm, which is the largest supplier of burglar alarms in North America and Britain, faced a $4.5 billion bid by Republic Industries, a car-sales-to-solid-waste conglomerate. The deal fell apart in September. Less than three months later, Western Resources, an energy utility which has a 27% stake in ADT, made a hostile $3.5 billion bid for the company. Now, eager to escape Western's clutches, ADT has agreed to a $5.6 billion merger with Tyco International, the world's biggest maker of fire-protection systems.
This article appeared in the Business section of the print edition under the headline “Nothing to be alarmed about”
From the March 22nd 1997 edition
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