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ADT shares up following its debut as public company

By THOMAS ADAMS - 10/2/2012 3:27:36 PM

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.

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