ADT Inc. (ADT), Monday announced the pricing of a secondary public offering of 70 million shares held by affiliates of Apollo Global Management (APO).
The underwriters have a 30-day option to purchase an additional 10.5 million shares.
As part of the transaction, ADT will repurchase 20 million shares from the underwriters under its existing $500 million share repurchase program.
The offering is expected to close on March 4, 2025.
ADT is currently trading at $7.71, down 5.86 percent or $0.48 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.