(Reuters) - Electronic security services provider ADT Corp (>> ADT Corp) said it had agreed to be acquired by funds affiliated with private equity firm Apollo Global Management LLC (>> Apollo Global Management LLC) for $7 billion.

ADT shares rose 45 percent to $39 in premarket trading on Tuesday, but were below the cash offer price of $42.

The offer price represents a premium of about 56 percent to ADT's Friday close.

ADT had 166 million diluted shares outstanding as of Dec. 31.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Kirti Pandey)

Stocks treated in this article : Apollo Global Management LLC, ADT Corp