The merger agreement is now public; the key next steps are stockholder vote and antitrust clearance. Watch for the filing of the definitive proxy statement and any competing bids during the 30-day go-shop period. The activist context from State Farm's SC 13D/A may influence the vote or deal terms.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Oct 29 $9.86entry
- T+1 · 6d ago −0.30%α +0.17% · $9.83
- T+5 · due 12h ago Pending
- T+5 · todayOpen
- T+20 · in 22d Pending
- T+60 · in 3mo Pending
Price Chart
How similar events traded
Executive Summary
ADT Inc. filed additional definitive proxy soliciting materials (DEFA14A) on October 29, 2026, communicating to its dealers that the company has entered into a definitive merger agreement to be acquired by Thrive Holdings for $10.00 per share in cash, with 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, and ADT will operate as a private company upon completion.
Key Financial Metrics
Key Facts
- ADT 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.
- Transaction expected to close in Q1 2027, subject to stockholder approval and U.S. antitrust clearance.
- ADT will operate as a private company after the transaction closes.
- The filing is a dealer communication confirming no changes to existing dealer agreements, funding, or payment arrangements at this time.
- A prior SC 13D/A was filed by State Farm Mutual Automobile Insurance Co. on June 10, 2026, indicating activist stake context.
- An 8-K filed on the same day (October 29, 2026) reported the merger agreement and added three executives to the Change in Control Severance Plan.
Financial Impact
All-cash acquisition at $10.00 per share, total enterprise value $15.3 billion, equity value $7.6 billion.
Risk Factors
- Transaction may not close if stockholder approval or antitrust clearance is not obtained.
- Competing offers could emerge during the go-shop period, potentially delaying or terminating the deal.
- Stockholder litigation could arise, causing expense or delay.
- The company may be required to pay a termination fee if the deal is terminated under certain circumstances.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001193125-26-438013 |
| Document: 0001193125-26-438013-index-headers.html | 0001193125-26-438013 |
| Document: 0001193125-26-438013-index.html | 0001193125-26-438013 |
| Document: 0001193125-26-438013.txt | 0001193125-26-438013 |
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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