ADT agrees to a $15.3 billion takeover by Thrive Holdings
ADT entered a definitive agreement to be acquired by Thrive Holdings in an all-cash transaction valued at approximately $7.6 billion in equity and $15.3 billion in enterprise value. Shareholders would receive $10 per share, and ADT would become privately held after closing. The companies say Thrive's permanent-capital structure and engineering capabilities are intended to support long-term investment in ADT's products, technology and people. ADT has more than 12,000 employees, and Thrive plans to make it the foundation of a smart-home security business. The transaction is expected to close in the first quarter of 2027, subject to shareholder approval, U.S. antitrust clearance and other conditions. Until then, ADT will continue to operate independently, and the merger agreement includes a limited go-shop period during which ADT may seek competing proposals.
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