other material
confidence high
sentiment neutral
materiality 0.70
Apollo affiliates sell 70M ADT shares; ADT repurchases 20M shares concurrently
ADT Inc.
- Selling Stockholders (Apollo entities) sold 70M shares of ADT common stock in underwritten offering; over-allotment option for additional 10.5M shares.
- ADT purchased 20M shares from underwriters as part of the offering under its $500M buyback plan announced Feb 27, 2025.
- ADT received no proceeds from shares sold by Selling Stockholders; underwriters waived fees on shares repurchased by ADT.
- Offering closed March 4, 2025; underwriting agreement with Barclays and Citigroup as representatives.