The go-shop period runs through November 28, 2026, allowing ADT to solicit superior proposals. Watch for any competing bids or stockholder litigation that could affect the timeline or price. The definitive proxy statement will provide details on the vote and management's recommendation.
How the stock moved after the report
⚠ Clustered BULLISH VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Oct 29 $9.87entry
- T+1 · 6d ago −0.10%α +1.67% · $9.86
- T+4 · todayOpen
- T+5 · in 12h Pending
- T+20 · in 22d Pending
- T+60 · in 3mo Pending
Price Chart
How similar events traded
Executive Summary
ADT Inc. announced a definitive agreement to be acquired by Thrive Holdings in an all-cash transaction valued at approximately $15.3 billion enterprise value and $7.6 billion equity value. ADT stockholders will receive $10.00 per share, representing a 45.6% premium to the unaffected closing price of $6.87 on October 27, 2026. The transaction is expected to close in Q1 2027, subject to stockholder approval and antitrust clearance, with a 30-day go-shop period.
Key Financial Metrics
Key Facts
- Thrive Holdings will acquire ADT for $10.00 per share in cash, a 45.6% premium to the unaffected closing price of $6.87 on October 27, 2026.
- The transaction values ADT at approximately $7.6 billion in equity value and $15.3 billion in enterprise value.
- ADT's Board of Directors unanimously approved the definitive agreement.
- Financing commitments have been solely provided by funds managed by affiliates of Apollo Global Management, Inc.
- The transaction is not subject to a financing condition.
- ADT may solicit alternative proposals from third parties during a 30-day go-shop period ending November 28, 2026, with a potential 10-day extension.
- The transaction is expected to close in the first quarter of 2027, subject to ADT stockholder approval and U.S. antitrust approval.
- Upon completion, ADT will become a privately held company and its common stock will cease trading on the NYSE.
- ADT's third quarter 2026 results will be issued on November 3, 2026, but the company will not take questions on the call due to the transaction.
Financial Impact
All-cash acquisition at $10.00 per share, representing a 45.6% premium to the unaffected closing price; total enterprise value of $15.3 billion.
Risk Factors
- Transaction may not close if stockholder approval or antitrust clearance is not obtained.
- A superior proposal could emerge during the go-shop period, potentially delaying or terminating the deal.
- Stockholder litigation could result in expense or delay.
- The transaction is subject to customary closing conditions and regulatory approvals.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001193125-26-437128 |
| Document: 0001193125-26-437128-index-headers.html | 0001193125-26-437128 |
| Document: 0001193125-26-437128-index.html | 0001193125-26-437128 |
| Document: 0001193125-26-437128.txt | 0001193125-26-437128 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 3, 2026 1d ago | DEFA14A | $9.85 | awaiting T+5 | awaiting T+5 | $9.90 (+0.51%) |
Nov 3, 2026 1d ago | 8-K | No price | awaiting T+5 | awaiting T+5 | No price |
Nov 3, 2026 1d ago | Press Release | $9.85 | awaiting T+5 | awaiting T+5 | $9.90 (+0.51%) |
Oct 30, 2026 5d ago | SC 13G/A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
US Market Status
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