ADT Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
ADT(ADT) Newsfilter·2024-03-07 05:17
BOCA RATON, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) ("ADT" or the "Company") today announced the commencement of a proposed secondary public offering of 55,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the "Selling Stockholders"). The underwriters will have a 30-day option to purchase up to an additional 8,250,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares an ...