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Talks aimed at ending hostile bid for ADT

Western Resources Inc. on a possible end to Western's hostile bid for ADT, the largest provider of electronic-security systems in the US and UK, reports Bloomberg News.

The talks also centre on settlement of outstanding litigation between the two, including a Western lawsuit in Bermuda, according to an ADT filing with the Securities and Exchange Commission.

Kansas-based Western is offering $22.50 a share in cash and stock to acquire ADT, but ADT has accepted a friendly stock offer by Tyco International Inc., originally valued at $29 a share, for a total of $5.6 billion.

There is no assurance that any agreement will be reached with Western, ADT stated.