ShareholdingMay 4, 2026, 06:37 AM
ADT: Apollo Affiliates to Sell 102M Shares; ADT to Buy Back 29.1M
AI Summary
ADT Inc. announced a proposed secondary public offering of 102,000,366 shares of its common stock by entities managed by affiliates of Apollo Global Management, representing all their remaining shares. The company itself is not selling any shares and will not receive proceeds from this offering. Concurrently, ADT intends to repurchase up to 29,142,961 shares of common stock from the underwriters, utilizing its existing $1.5 billion share repurchase plan.
Key Highlights
- Apollo Global Management affiliates to sell 102,000,366 shares of ADT common stock in a secondary public offering.
- The shares being sold represent all remaining holdings by the Selling Stockholders.
- ADT Inc. is not selling any shares and will not receive any proceeds from the offering.
- ADT intends to purchase up to 29,142,961 shares of common stock from the underwriters.
- The share repurchase will be made pursuant to ADT's existing $1.5 billion share repurchase plan.
- Barclays and Citigroup are acting as book-running managers for the proposed offering.