ADT agrees to $10 per share cash takeover by Thrive Holdings
ADT ($ADT) agreed to be acquired by Thrive Holdings for $10 per share in cash, valuing its equity at approximately $7.6 billion and the business, including debt, at $15.3 billion. The security company’s board unanimously approved the agreement. Thrive plans to combine its engineering resources and long-term capital with ADT’s monitoring services, connected devices and nationwide customer network. The companies expect completion in the first quarter of 2027, subject to ADT shareholder and U.S. an
0