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-0.0339449541284403 -0.036697247706422 -0.0486238532110091 -0.0504587155963303 -0.0623853211009174 -0.0678899082568808 -0.0678899082568808 -0.0669724770642202
Stock impact report

Secondary Public Offering of ADT Common Stock Launched

ADT Inc. (ADT) 
Last adt inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.adt.com/home/default.aspx
Company Research Source: GlobeNewswire
Secondary offering designed to improve liquidity in publicly traded common stock Long-term shareholder Apollo to retain 80% of ADT’s common stock BOCA RATON, Fla., Sept. 15, 2020 (GLOBE NEWSWIRE) -- 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 Show less Read more
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