February 23, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of ADT Corp (NYSE:ADT), was announced concerning whether the takeover of ADT Corp for $42.00 per share is unfair to NYSE:ADT stockholders.

The investigation by a law firm concerns whether certain officers and directors of ADT Corp breached their fiduciary duties owed to NYSE:ADT investors in connection with the proposed acquisition.

On February 16, 2016, ADT Corp (NYSE:ADT) announced that it has entered into an agreement to be acquired by an affiliate of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) and co-investors and merged with a subsidiary of Prime Security Services Borrower, LLC, also owned by the Apollo Funds, for $42.00 per share in cash.

However, the investigation concerns whether the offer is unfair to NYSE:ADT stockholders. More specifically, the investigation concerns whether the ADT Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

ADT Corp reported that its Total Revenue rose from over $2.59 billion for the 52 weeks period that ended on September 24, 2010 to over $3.3 billion for the 52 weeks period that ended on September 27, 2013 and that its Net Income for those respective time periods grew from $239 million to $421 million.

On February 23, 2016, NYSE:ADT shares closed at $39.97 per share.