PomegraADT Stock Jumps 34% After Thrive Holdings Buyout Deal
Why did ADT stock jump 34%?
ADT (ADT) stock rose 34% on Thursday to $9.91 after OpenAI-backed Thrive Holdings agreed to a buyout at $10 a share in cash, valuing the home security firm at $15.3B with debt.
Key numbers
| Offer price per share | $10.00+45.6% vs Oct. 27 close |
|---|---|
| Enterprise value (incl. debt) | $15.3B~$7.6B equity value |
| ADT close on Oct. 29 | $9.91+33.8% (outlets report 33–34%) |
| Premium to 30-day average price | 52.1%vs 45.6% to Oct. 27 close |
| Go-shop period ends | Nov. 28, 202630 days from announcement |
What happened
ADT (ADT) stock rose 34% on Thursday to $9.91 after OpenAI-backed Thrive Holdings agreed to a buyout at $10 a share in cash, valuing the home security firm at $15.3B with debt. The offer is 45.6% above ADT's $6.87 closing price on Oct. 27, before the deal news. The shares alone are worth about $7.6B. Apollo Global Management funds are providing all of the financing, and ADT will leave the stock market once the deal closes, expected in early 2027. ADT can look for rival bids until Nov. 28 (a “go-shop” period).
Why it matters
ADT is going from public markets to private ownership, and its new owner is backed by OpenAI, which supplies AI models and engineers to the companies Thrive owns. The deal shows AI-focused investors buying everyday businesses, like home security, to add new technology. For ADT shareholders, the $10 cash price is fixed, so the stock now trades just under it.
Who this affects
- MarketbullishLow impact
- ADT shareholders get a 46% premium; good for them.
- CompanybullishMedium impact
- ADT leaves public markets; shareholders receive $10 cash per share.
- CompetitorsbullishLow impact
- Alarm.com and Resideo shares rose about 2.5% and 2.7%.
- IndustryneutralLow impact
- Home security gains an AI-focused owner; effects remain unclear.
ADT vs Alarm.com, Resideo
How we got here
ADT closes at $6.87, the “unaffected” price used to measure the offer premium.
ADT and Thrive Holdings announce $10-a-share all-cash deal; board approves unanimously.
ADT shares close at $9.91, up 33.8% on the day.
What to watch
- Whether any rival bidder appears before the go-shop period ends2026-11-28
- ADT stockholder vote and U.S. antitrust clearance before the deal can closeQ1 2027
Educational content only. Not investment advice.
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