Why it matters
The transaction affects ADT shareholders and the ownership of a large U.S. home-security provider. The articles do not describe expected changes to services, jobs or prices for customers.
ECONOMY • UNITED STATES
Thrive Holdings agrees to buy ADT for $7.6 billion in cash
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BLUF
ADT has agreed to a $7.6 billion all-cash acquisition by Thrive Holdings, an investment vehicle formed by Thrive Capital, according to the Wall Street Journal. ADT’s board unanimously approved the deal, Yahoo Finance reports.
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