ADT Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
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ADT Inc. announced the pricing of a secondary public offering of 70 million shares held by Apollo Global Management affiliates. The offering is set to close on March 4, 2025. ADT is not selling any shares and will not receive proceeds from this offering.
March 03, 2025 | 2:15 pm
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ADT Inc. is involved in a secondary public offering of 70 million shares by Apollo affiliates. ADT will not receive any proceeds as it is not selling shares.
The secondary offering increases the supply of ADT shares in the market, which could put downward pressure on the stock price. ADT not receiving proceeds means no direct financial benefit to the company.
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