Browsing Tag
Thrive Holdings
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ADT surges 33% on Thrive Holdings deal as $114m break fee shapes takeover prospects
Thrive Holdings has agreed to acquire ADT for $10 per share in a transaction worth $15.3 billion including debt, taking the home security provider private if approved. A 30-day search for competing bids, financing from Apollo affiliates and ADT's recurring-revenue economics create important questions about the final transaction value and the next phase of the business.