Claire Rychlewski / Axios : Thrive Holdings agrees to acquire ADT in an all-cash take-private deal, valuing ADT at ~$7.6B in equity value, a ~46% premium over its October 27 closing price — Thrive Holdings has agreed to acquire ADT in an all-cash take-private, valuing the home security company at $15.3 billion in enterprise value, the companies announced today.
Thrive Holdings agrees to acquire ADT in an all-cash take-private deal, valuing ADT at ~$7.6B in equity value, a ~46% premium over its October 27 closing price (Claire Rychlewski/Axios)
In short
Thrive Holdings has formally entered into an agreement to acquire home security firm ADT through an all-cash take-private deal. The buyout values the target company at an enterprise value of approximately $15.3 billion. Shareholders will receive a significant markup, as the agreed purchase price reflects a roughly 46% premium over ADT's closing stock price on October 27.
Key points
- Home security provider ADT will transition off public markets into private ownership unde…: Home security provider ADT will transition off public markets into private ownership under Thrive Holdings.
- Existing ADT shareholders will receive an all-cash payout representing a substantial prem…: Existing ADT shareholders will receive an all-cash payout representing a substantial premium over recent trading levels.
- The buyout officially establishes an overall enterprise valuation of $15.3 billion for th…: The buyout officially establishes an overall enterprise valuation of $15.3 billion for the acquired security firm.