ADT · ADT Inc

ADT Inc. filed additional definitive proxy soliciting materials (DEFA14A) containing an internal email from management to employee equity holders explaining how their outstanding equity awards will be treated in the pending acquisition by Thrive Holdings at $10.00 per share in cash. The filing is a routine communication to employees, not a solicitation of stockholder votes, and does not change the terms of the merger agreement announced on the same day.

• ADT entered into a definitive merger agreement to be acquired by Thrive Holdings at $10.00 per share in cash.
• The transaction has a total enterprise value of approximately $15.3 billion and equity value of $7.6 billion.
• Outstanding employee equity awards will be assumed by Thrive Holdings and convert to cash awards based on the transaction price, less exercise price for stock options.
• Vested stock options will be cashed out at completion of the transaction.