Thrive Holdings to Acquire ADT for $7.6 Billion in Cash
ADT said Thrive Holdings will pay $10 a share in cash, valuing the Boca Raton home-security company at $7.6 billion.
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…