Monitor stockholder vote and antitrust clearance timeline. The go-shop period ends November 28, 2026, and any competing bids could alter the deal terms. Watch for the proxy statement filing and any regulatory developments.
How the stock moved after the report
⚠ Clustered BULLISH VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Oct 29 $9.86entry
- T+1 · 7d ago −0.30%α +0.17% · $9.83
- T+5 · due 12h ago Pending
- T+5 · todayOpen
- T+20 · in 21d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
ADT Inc. filed a DEFA14A (definitive additional proxy soliciting material) on October 29, 2026, announcing it has entered into a definitive merger agreement to be acquired by Thrive Holdings (through Abode Parent, LLC) in an all-cash transaction valued at $10.00 per share, representing a total enterprise value of approximately $15.3 billion and equity value of $7.6 billion. The transaction is expected to close in Q1 2027, subject to stockholder approval and antitrust clearance, with a 30-day go-shop period. Separately, the Compensation Committee added three executives to the Change in Control Severance Plan to ensure uniformity.
Key Financial Metrics
Key Facts
- ADT Inc. entered into a definitive merger agreement to be acquired by Thrive Holdings (through Abode Parent, LLC) in an all-cash transaction valued at $10.00 per share.
- Total enterprise value of approximately $15.3 billion and equity value of $7.6 billion.
- The transaction is expected to close in Q1 2027, subject to stockholder approval and antitrust clearance.
- A 30-day go-shop period is included, allowing ADT to solicit alternative acquisition proposals.
- The Compensation Committee added three executives (James DeVries, Jeffrey Likosar, David Smail) to the Change in Control Severance Plan.
- The merger agreement includes termination fees: $227 million (or $114 million during go-shop) for ADT, and $473 million for Parent.
- Financing commitments include equity from Thrive Holdings, preferred equity from Apollo Global Management, and debt financing from Apollo Funds.
- The Board of Directors unanimously approved the merger and recommends stockholders vote in favor.
Financial Impact
All-cash consideration of $10.00 per share, total enterprise value of approximately $15.3 billion, equity value of $7.6 billion.
Risk Factors
- Stockholder approval is required and may not be obtained.
- Antitrust clearance under HSR Act is required and may not be granted or may be delayed.
- Competing bids during the go-shop period could disrupt the deal.
- The transaction may not close by the outside date of July 29, 2027.
- Financing commitments are subject to conditions and may not be funded.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001193125-26-437969 |
| Document: 0001193125-26-437969-index-headers.html | 0001193125-26-437969 |
| Document: 0001193125-26-437969-index.html | 0001193125-26-437969 |
| Document: 0001193125-26-437969.txt | 0001193125-26-437969 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 3, 2026 2d ago | DEFA14A | $9.90 | awaiting T+5 | awaiting T+5 | $9.90 (−0.00%) |
Nov 3, 2026 2d ago | 8-K | No price | awaiting T+5 | awaiting T+5 | No price |
Nov 3, 2026 2d ago | Press Release | $9.85 | awaiting T+5 | awaiting T+5 | $9.90 (+0.51%) |
Oct 30, 2026 6d ago | SC 13G/A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 7d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 7d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 7d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 7d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 7d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 7d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
US Market Status
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