Thrive Holdings to Buy ADT at $10 a Share in $7.6 Billion Equity Deal
Photo: TokenPost
ADT Inc. signed a definitive agreement to be acquired by Thrive Holdings for $10 a share in an all-cash deal valuing its equity at about $7.6 billion, with shares up 34.08% at 1:56 p.m. ET Thursday, Oct. 29. ADT shares were at $9.94 at that time. At $10 per share, the bid is 45.6% higher than ADT’s $6.87 closing price on Oct. 27 and 52.1% above its volume-weighted average share price over the prior 30 days. The deal’s enterprise value is $15.3 billion. ADT’s board unanimously approved the agreement.
Source: TokenPost
