"From our standpoint, (ADT) provides a natural growth strategy,'' George Norton, a Western Resources spokesman, said. He declined to elaborate beyond the company's SEC filing, which said the company is "still considering its options'' on the Republic and ADT agreement.
A spokesman for Republic, which is controlled by billionaire H. Wayne Huizenga, declined to comment as did ADT. Republic, which has interests in waste disposal, electronic security and used-car superstores, plans to buy ADT for $3.98bn in stock and assumed debt. The combined companies would have 1.6 million security customers and estimated sales next year of $5 billion. ADT's shares fell $5/8 to $19 5/8 on the news. . They have traded as high as $22 7/8 since the merger announcement. (Bloomberg)Reuse content