ADT Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Affiliates of Apollo Global Management are selling their entire remaining stake of 102 million shares in a secondary public offering, removing the company's former controlling shareholder. ADT is concurrently repurchasing 29.1 million shares, or roughly 28.5% of the total offering, to help absorb the supply using its existing $1.5 billion authorization.

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