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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Sep. 19, 8:28 AM

Slide #6. ADT Inc. Secondary Offering

Company: ADT Inc. (NYSE:ADT)
Date announced: 9/15/2020
Shares Offered: 43,500,000
Date of Pricing: 9/16/2020
Price Per Share: $10.00
Secondary Offering Details: ADT Inc. (NYSE: ADT) ("ADT" or the "Company"), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today announced the commencement of a proposed secondary public offering of 43,500,000 shares of the Company's common stock by certain investment funds managed directly or indirectly by Apollo Global Management, Inc. and its subsidiaries and affiliates ("Apollo") and certain of the Company's current and former executive officers (together, the "Selling Stockholders"). The 43,500,000 shares to be sold in this offering represent 5.5% of ADT's fully diluted common stock. As part of this offering, the Selling Stockholders have agreed to a 120-day lock-up of their common stock. The underwriters will have a 30-day option to purchase up to an additional 6,500,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the proposed offering.-updated 9/16- ADT Inc. (NYSE: ADT) ("ADT" or the "Company"), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today announced the pricing of a proposed secondary public offering of 43,500,000 shares of the Company's common stock by certain investment funds managed directly or indirectly by Apollo Global Management, Inc. and its subsidiaries and affiliates ("Apollo") and certain of the Company's current and former executive officers (together, the "Selling Stockholders") at a price to the public of $10.00 per share. The 43,500,000 shares to be sold in this offering represent 5.5% of ADT's fully diluted common stock. As part of this offering, the Selling Stockholders have agreed to a 120-day lock-up of their common stock. The offering is expected to close on Sept. 18, 2020, subject to satisfaction of customary conditions. The underwriters will have a 30-day option to purchase up to an additional 6,500,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the proposed offering.

ADT is a holding company. Through its subsidiaries, Co. provides security, automation, and smart home solutions serving consumer and business customers in the U.S. Co.'s security and automation offerings involve the installation and monitoring of security and premises automation systems designed to detect intrusion; control access; sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation. In certain markets, Co. also sells, installs, integrates, maintains, and inspects commercial building safety and management technologies.

ADT SEC Filing Email Alerts Service

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Company Name: 
ADT Inc (DE)
Stock buyback: 
ADT buyback
Website: 
www.adt.com
Sector: 
Communications Services
Number of ETFs Holding ADT: 
39
Total Market Value Held by ETFs: 
$117.88M
Total Market Capitalization: 
$7.12B
% of Market Cap. Held by ETFs: 
1.66%
 

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Hold (2.33 out of 4)
11st percentile
(ranked lower than approx. 89% of all stocks covered)
Based on Zacks ABR data;
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