ADT Agrees to Be Acquired by Thrive for $10 per Share
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01:27:59 PM UTC
SquawkNews
ADT agreed to be acquired by Thrive Holdings for $10.00 per share in cash, valuing ADT at ~$7.6B equity and ~$15.3B enterprise value. Closing is expected in Q1 2027, subject to approvals; a 30-day go-shop applies.Material DetailsContext by AI AnalystThis is a late-stage confirmation of a change-of…
01:36:43 PM UTC
SquawkNews
By Colin KellaherHome-security company ADT has agreed to be acquired for $7.6 billion in cash by Thrive Holdings, an investment vehicle formed by Josh Kushner's venture capital firm, Thrive Capital.ADT on Thursday said Thrive will pay $10 a share in cash for the Boca Raton, Fla., company, a 35% pre…