Apollo in talks to buy ASG?
According to a Reuters news report, Apollo Global Management Llc (APO.N) is in talks to buy ASG Security and combine it with another home security company it is acquiring, Protection 1, valuing them collectively at about $2 billion, people familiar with the matter said on Monday.
Final bids for ASG Security are due on Monday, the sources said. Reuters reported in February that Apollo was in the lead to acquire Protection 1 from buyout firm GTCR Llc for about $1.5 billion. The deal has been finalized, contingent upon Apollo also clinching a deal for ASG, the people said.
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