New York
CNN Business
—
It looks like Jake from State Farm won’t need to worry about protecting his home from burglars. The insurance giant announced a big investment in home security company ADT Tuesday. Shares of ADT soared more than 14% on the news in early trading.
State Farm is making a $1.2 billion investment in ADT
(ADT), a deal that will give State Farm a 15% stake in the…
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