ADT to Go Private in a Deal With Thrive Holdings
ADT is set to become a private company in a transaction with Thrive Holdings.
Story updates
04:39:43 PM UTC
SquawkNews
Shares of ADT Inc. (ADT) surged more than 34% on Thursday to their highest levels since December 2022, after Joshua Kushner-backed Thrive Holdings announced a deal to take the home security company private.ADT shares are also on track for their biggest single-day gains since August 2020.ADT’s $15.3…