ADT Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
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ADT Inc. announced a secondary public offering of 70 million shares held by affiliates of Apollo Global Management. The company will not sell any shares or receive proceeds from this offering.
March 03, 2025 | 11:30 am
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ADT Inc. is involved in a secondary public offering of 70 million shares by Apollo affiliates. ADT will not sell any shares or receive proceeds from this offering.
The secondary offering increases the supply of ADT shares in the market, which could lead to a short-term decrease in stock price due to dilution concerns, even though ADT itself is not selling shares or receiving proceeds.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100