ADT Agrees to $15.3 Billion Take-Private Deal With Thrive Holdings
ADT sits 24% above its 52-week low of $6.03 on elevated volume (3.0× avg).
Summary
ADT has agreed to be acquired by Thrive Holdings, led by Josh Kushner, in a transaction carrying $15.3 billion enterprise value and $7.6 billion equity value, per Dow Jones Newswires. That converts yesterday's report of Thrive Capital talks into a signed deal with a named buyer and a stated value. Stockholders will receive $10 per share in cash, representing a 45.6% premium to the unaffected closing share price of $6.87 on Oct 27. The company's market value sits near $5 billion, so the offer represents a substantial premium to where the stock trades — the entire thesis now hinges on deal terms and closing conditions. The agreement includes a 30-day go-shop through Nov. 28, 2026, and Apollo-affiliated funds are providing financing. ADT had been buying back stock aggressively, repurchasing $478 million in Q2 alone under its $1.5 billion program, which shrinks the share count the acquirer has to pay for. The transaction is expected to close in the 1Q of 2027.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — The deal carries $15.3 billion enterprise value and $7.6 billion equity value, with a 30-day go-shop through Nov. 28, 2026, and Apollo-affiliated funds providing financing.
At the time of this announcement, ADT was trading at $7.46 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5B. The 52-week trading range was $6.03 to $8.89. This news item was assessed with positive market sentiment and an importance score of 10 out of 10. Source: Dow Jones Newswires.