other material
confidence high
sentiment positive
materiality 0.55
ADT repurchases 15M shares for $104.2M, leaving $5M under buyback plan
ADT Inc.
- Agreed to repurchase 15 million shares at $6.945 per share, aggregate price $104,175,000.
- Transaction entered on Dec 12, 2024; settlement expected around Jan 2, 2025.
- After settlement, remaining authorization under $350M plan will be about $5 million.
- Buyback is a use of existing board-approved share repurchase plan initiated in January 2024.