Thrive's $15.3 Billion ADT Deal Sets a $10 Cash Offer

What does ADT's $15.3 billion acquisition valuation include?

The $15.3 billion represents enterprise value including debt, while ADT's equity value is approximately $7.6 billion; shareholders are offered $10 in cash for each eligible share upon completion.

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How could Thrive Holdings' acquisition change ADT's business?

Thrive plans to combine ADT's nationwide security network with its long-term capital and engineering resources to improve security products, technology and customer service, although no quantified revenue or cost benefits have been disclosed.

What does the $10 acquisition offer mean for ADT shareholders?

The $10 cash offer represents a 45.6% premium to ADT's unaffected closing share price of $6.87 on October 27, 2026, and a 52.1% premium to its 30-day volume-weighted average price; payment depends on the transaction closing.

Could another bidder offer more for ADT?

ADT can solicit competing acquisition proposals through November 28, 2026, with a potential 10-day extension for qualifying bidders, and can terminate the agreement to accept a superior proposal under its terms, although a competing offer is not guaranteed.

When will Thrive Holdings complete the ADT acquisition?

Closing is expected in the first quarter of 2027, subject to ADT shareholder approval and U.S. antitrust approval; financing commitments have been provided by Apollo-affiliated funds, and the agreement is not subject to a financing condition. ADT will continue operating independently until completion, when it will become privately held and leave the New York Stock Exchange.