ADT Inc. to be Acquired by Abode Parent, LLC in All-Cash Transaction at $10.00 Per Share

ADT Inc. has entered into a definitive merger agreement to be acquired by Abode Parent, LLC in an all-cash transaction. Upon completion of the merger, ADT will become a wholly owned subsidiary of Parent and will no longer be a publicly traded company.

Key Details

• Transaction Terms: ADT stockholders will receive $10.00 in cash for each share of common stock they own.
• Go-Shop Provision: The agreement includes a "Go-Shop" period until November 29, 2026, during which ADT can solicit and negotiate alternative acquisition proposals.
• Termination Fees: The agreement specifies a termination fee of $227 million payable by ADT under certain conditions, reduced to $114 million if the agreement is terminated for a superior proposal during the Go-Shop period. A reverse termination fee of $473 million is payable by Parent under certain circumstances.
• Approvals & Conditions: The transaction is subject to approval by ADT stockholders and other customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Act. The merger is not subject to a financing condition.