ShareholdingMay 8, 2026, 04:43 PM
ADT sees Apollo exit; repurchases 29.1M shares
AI Summary
ADT Inc. announced that Apollo Global Management, Inc. has sold all of its remaining 102,000,366 shares of ADT common stock in an offering. Concurrently, ADT repurchased 29,142,961 shares from the underwriters as part of its previously announced $1.5 billion share repurchase plan. Following Apollo's complete divestment, three Apollo-designated directors resigned from ADT's Board, and the company amended its bylaws to remove references related to Apollo.
Key Highlights
- Apollo sold all 102,000,366 remaining shares of ADT common stock.
- ADT repurchased 29,142,961 shares from the underwriters as part of the offering.
- The share repurchase is under ADT's $1.5 billion plan announced March 2, 2026.
- Three Apollo-designated directors, Reed B. Rayman, Nicole Bonsignore, and Benjamin Honig, resigned from ADT's Board.
- ADT amended its bylaws to remove references related to Apollo and a stockholders agreement.
Price Impact
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