NEW YORK, Feb. 16, 2016 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of ADT Corporation ("ADT" or the "Company") (NYSE: ADT) breached its fiduciary duty to its shareholders in agreeing to sell ADT to an affiliate of certain funds managed by affiliates of Apollo Global Management, LLC.
Under the terms of the agreement, ADT shareholders will receive $42.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to ADT shareholders and the process by which the ADT Board of Directors considered and approved the transaction.
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SOURCE Bernstein Liebhard LLP