ADT (NYSE: ADT) shares jumped about 34% on Thursday after the US home-security group agreed to be taken private by Thrive Holdings for $10 a share in cash. ADT provides security, interactive and smart-home services to residential and small-business customers. The offer values its equity at about $7.6bn and the business at $15.3bn including debt.
The stock was quoted at $9.90 at 7:31pm London time, a delayed quote, against Wednesday’s close of $7.41 and about 1% below the offer. It reached $9.995 during the day, a new 12-month high, on volume of about 134 million shares.
The deal was announced at 1:20pm London time, before the US open. Thrive Holdings is a permanent-capital holding company that owns more than 75 businesses. It is led by Josh Kushner and, according to the FT, is OpenAI-backed. ADT’s board backed the deal unanimously, and funds managed by affiliates of Apollo Global Management are providing all the financing, with no financing condition.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Jim DeVries, ADT’s chairman, president and chief executive, said the deal “delivers an attractive cash premium to our stockholders”. The company put the $10 price at a 45.6% premium to the $6.87 close on Tuesday, and 52.1% above the 30-day volume-weighted average price (VWAP) to that date.
The shares rose about 7.9% yesterday, before the announcement, so the premium to Wednesday’s close is nearer 35%. The offer still tops every close in the past year, the highest of which was $8.84 on the 31st of October 2025.
ADT’s daily close since late July, with the $10.00 offer as a level; the last point is today’s delayed quote of $9.90.
A gap of about 1% to the offer suggests traders expect the deal to complete and do not expect a rival to pay more. The shares closed as low as $6.08 on the 30th of September, the lowest close in the past year.
A 30-day go-shop, in which ADT may seek rival proposals, runs to the 28th of November. Completion, expected in the first quarter of 2027, needs stockholder and US antitrust approval. ADT reports third-quarter results before the open next Tuesday but will take no questions.
