SECURITY services company Sentry Group has accepted a R627m cash offer from London-based ADT Fire & Security for 100% of the local firm. The deal, which values Sentry Group at 350c per share, is still subject to approval. ADT is a wholly owned subsidiary of global manufacturing and services giant, Tyco International. Rob Matthews, chief executive of Sentry Group, said the deal was an excellent one for shareholders, staff and clients.
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