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ADT Inc. (ADT) shares are trading higher after the company announced an agreement to be acquired by Thrive Holdings in an all-cash transaction.
The deal values ADT at approximately $7.6 billion in equity value and $15.3 billion in enterprise value.
ADT shareholders will receive $10 per share, representing a 45.6% premium to the stock's unaffected closing price of $6.87 on Oct. 27, 2026, and a 52.1% premium to its 30-day volume-weighted average price.
ADT's board unanimously approved the agreement. The transaction is expected to close in the first quarter of 2027, subject to shareholder approval and other customary closing conditions.
ADT may solicit competing offers through Nov. 28, 2026, with a possible 10-day extension for certain bidders. The company can terminate the agreement to accept a superior proposal, subject to the merger terms.
Until closing, ADT will continue operating independently. After the transaction closes, the company will become privately held, and its shares will cease trading on the New York Stock Exchange.
The deal combines ADT's more than 150 years of security expertise, nationwide professional network and customer relationships with Thrive Holdings' long-term capital and engineering capabilities.
Following the acquisition, ADT will serve as the foundation of Thrive Holdings' smart home security business. Thrive Holdings plans to support ADT's long-term growth through investments in employees, products, services and technology.
ADT's existing data protection and privacy policies will remain unchanged, and no new data sharing will occur without customer permission.
ADT will release its third-quarter 2026 results on Nov. 3 before the market opens and host a conference call at 10 a.m. ET.
Analysts expect earnings of 23 cents per share, unchanged year over year, and revenue of $1.32 billion, compared with $1.30 billion a year earlier.
ADT Stock Price Activity: ADT shares were up 33.67% at $9.90 at the time of publication Thursday.
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