ADT Corp. (ADT) Prices 70M Share Secondary Offering

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Go back to ADT Corp. (ADT) Prices 70M Share Secondary Offering

ADT Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

March 3, 2025 9:02 AM EST

BOCA RATON, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT) (ADT or the Company) today announced the pricing of the previously announced secondary public offering of 70,000,000 shares of the Companys common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the Selling Stockholders). The offering is expected to close on March 4, 2025, subject to satisfaction of customary conditions. The underwriters will have a 30-day option to purchase up to an additional 10,500,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive... More