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ADT shares up following its debut as public company

Rochester Business Journal
October 2, 2012

Shares of ADT Corp., employer of nearly 900 at ADT Security Services Inc. in the Rochester market, were up nearly $2 Tuesday compared with its $36 opening Monday as a publicly traded company.

The stock (Nasdaq: ADT), was trading in the $37.90 range mid-afternoon Tuesday. It is included in the Standard & Poor’s 500-stock index.

ADT became a public company Monday after the completion of its spinoff from Tyco International Ltd. on Friday.

“The launch of ADT as an independent company is a great moment for our employees, and it marks an exciting milestone in our proud history,” CEO Naren Gursahaney said in a statement Monday.

Shares were as low as $35.44 in early trading Monday before bouncing back and closing at $37.10, up 3 percent for the day.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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