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Campaigns / Corvex → ADT Corporation
Corvex vs. ADT Corporation

ADT Corporation · ADT

1 deck published between 2012-10-24 and 2012-10-24 — 50 pages, 50 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2012-10-24 initial thesis

    2012 10 Corvex Management ADT Presentation Oct 2012

    50pp · conference_presentation

    ADT is drastically under-levered post-Tyco spin; levering to 3.0x EBITDA and repurchasing ~30% of the float delivers ~44% upside to a $55 target.