Home security firm ADT (ADT) stock surged 34% after agreeing to be acquired by Josh Kushner’s Thrive Holdings in an all-cash transaction valued at approximately $7.6 billion. Stockholders will receive $10.00 per share, a 45.6% premium to ADT’s closing price on Oct 27 . The deal, which will take ADT private, is expected to close in Q1 2027, subject to shareholder and antitrust approval .
ADT stock spikes 34% on $7.6 billion takeover deal by Josh Kushner’s Thrive
STREETINSIDER.COMOct 29, 3:04 PM UTC
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