Thrive Holdings to acquire ADT for $15.3 billion in all-cash deal at $10.00 per share

ADT Inc.

• ADT stockholders will receive $10.00 per share cash, a 45.6% premium to the $6.87 unaffected close on Oct. 27, 2026; equity value is about $7.6 billion.
• Thrive Holdings will acquire ADT at about $15.3 billion enterprise value; financing commitments are solely from funds managed by affiliates of Apollo Global Management.
• The deal is expected to close in Q1 2027, subject to ADT stockholder approval and U.S. antitrust approval; it is not subject to a financing condition.
• ADT may solicit third-party proposals for 30 days until 11:59 p.m. New York City time on Nov. 28, 2026, with a potential 10-day extension for certain parties.
• ADT will report Q3 2026 results on Nov. 3, 2026, and will not take questions on the call; Citi and Goldman Sachs advised ADT, Evercore advised Thrive.