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Thrive Holdings agrees to take ADT private in $7.6 billion cash deal

Techmeme, citing Axios, and Reuters reported Thrive Holdings will buy home-security company ADT in an all-cash deal valuing equity at about $7.6 billion.

What's new
  1. The Verge is now reporting this

Thrive Holdings has agreed to acquire U.S. home-security company ADT in an all-cash take-private deal that values ADT's equity at about $7.6 billion, according to a Techmeme roundup of Axios reporting and a Reuters headline1,2.

Techmeme said the cash price is about a 46% premium to ADT's closing share price on Oct. 271.

Reuters described ADT as a residential security firm and put the same $7.6 billion figure on the deal; the full Reuters article was not readable behind a paywall2.

Neither outlet's accessible text stated a per-share price, an expected closing date, or financing details1,2.

What remains unknown from the two assigned sources includes regulatory conditions, any go-shop period, and comments from ADT's board or Thrive Holdings1,2.

Sources

  1. TechmemeThrive Holdings agrees to acquire ADT in an all-cash take-private deal, valuing ADT at ~$7.6B in equity value, a ~46% premium over its October 27 closing price (Claire Rychlewski/Axios)
  2. ReutersThrive Holdings to buy ADT in deal valuing residential security firm at $7.6 billion

How it’s being reported

3 sources

First reported by Reuters

Thrive Holdings agrees to acquire ADT in an all-cash take-private deal, valuing ADT at ~$7.6B in equity value, a ~46% premium over its October 27 closing price (Claire Rychlewski/Axios)

The ~46% premium to ADT's Oct. 27 close and all-cash take-private structure.

Roundup of Axios reporting that Thrive Holdings will take ADT private in cash at about $7.6 billion equity value.

Leaves out Enterprise value, per-share price and expected close date, which were not in the Techmeme blurb.

Where they agree

  • Thrive Holdings is buying ADT.
  • The equity value cited is about $7.6 billion.

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

TechmemeTechmeme

Thrive Holdings agrees to acquire ADT in an all-cash take-private deal, valuing ADT at ~$7.6B in equity value, a ~46% premium over its October 27 closing price (Claire Rychlewski/Axios)

The ~46% premium to ADT's Oct. 27 close and all-cash take-private structure.

Roundup of Axios reporting that Thrive Holdings will take ADT private in cash at about $7.6 billion equity value.

Leaves out Enterprise value, per-share price and expected close date, which were not in the Techmeme blurb.

The ~46% premium to ADT's Oct. 27 close and all-cash take-private structure.

What it reports

  • The deal values ADT at about $7.6 billion in equity.
  • The item credits Claire Rychlewski at Axios.

Leaves out Enterprise value, per-share price and expected close date, which were not in the Techmeme blurb.