Thrive Holdings Agrees to Buy ADT in $15.3 Billion Enterprise-Value Deal
Photo: TokenPost
Thrive Holdings agreed Thursday, Oct. 29, to acquire ADT in an all-cash transaction with about $15.3 billion in enterprise value, offering shareholders $10 a share to take the home security company private. The agreement values ADT’s equity at about $7.6 billion. The $10 offer represents a 45.6% premium to ADT’s unaffected closing price of $6.87 on Oct. 27, and a 52.1% premium to its 30-day volume-weighted average share price through that date. ADT shareholders must approve the transaction, which also requires U.S. antitrust clearance and other customary closing conditions.
Source: TokenPost
