Mergers & Acquisitions ·
ADT agrees to be acquired by Abode for $10.00 per share in cash
ADTADT Inc.
ADT Inc. entered into a definitive Agreement and Plan of Merger with Abode Parent, LLC, pursuant to which ADT will merge with a subsidiary of Abode and become a wholly owned subsidiary. Under the terms of the deal, each share of ADT common stock will be converted into the right to receive $10.00 per share in cash. The transaction requires approval from ADT's stockholders and customary closing conditions, including regulatory clearance under the Hart-Scott-Rodino Act. The board unanimously approved the agreement, which includes a go-shop period allowing ADT to solicit alternative proposals through November 29, 2026. Abode has secured financing commitments to fund the acquisition. ADT Inc. operates in the consumer and commercial security services industry.