Thrive Holdings Agrees to $7.6 Billion Cash Acquisition of ADT
ADT ADT Inc
$9.90 -0.30%
View chart & analysis → - 1ADT has agreed to be acquired by Thrive Holdings and transition to a private company.
- 2The $10 per share cash payment from Thrive Holdings reflects a 45.6% premium over ADT's closing price on October 27.
- 3ADT shares surged 34% to reach a price of $9.93 per share.
So what's the key point?
Thrive Holdings has decided to buy ADT in a cash deal. The stock price jumped 34%, reflecting a high valuation for the company.
Source Nasdaq +4 · View original ↗
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