Thrive Holdings to Acquire ADT in $15.3 Billion All-Cash Deal
Home security provider ADT has entered into a definitive agreement to be acquired by Thrive Holdings in an all-cash transaction valued at approximately $15.3 billion, which includes the assumption of debt. The deal will result in ADT being taken private and delisted from the New York Stock Exchange. The acquisition marks a significant consolidation in the home security sector. By transitioning to a private entity under Thrive Holdings, ADT aims to restructure its operations away from public market scrutiny while leveraging new capital for long-term growth strategies.
Tickers: $ADT
Topics: Home Security M&A Private Equity
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Part of the story Thrive Holdings Acquires ADT in $15.3 Billion Deal to Build AI-Driven Smart Home Security (5 articles)