This Week
  • ROC the Future gives update on milestones for local education system.

  • The Greater Rochester Awards honorees are profiled.

  • CEO David Boyce has Tompkins Insurance Agencies on a growth path.

  • Aware of challenges, private schools work to build a sustainable future.

  • Mech Tech HVAC CEO Edward Burns expects the firm to log solid growth in 2014.

  • Owner of U.S. Ceiling Corp. uses digital estimation to save time and stay competitive.

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.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google