ADT Stock Hits Near 4-Year Highs – Joshua Kushner-Backed Thrive Holdings To Acquire ADT At $10 Per Share
ADT Inc. (ADT) shares rose 34% after Thrive Holdings, backed by Joshua Kushner, agreed to acquire the company for $10 per share, a 35% premium. The deal, valued at $15.3B including debt, is expected to close in Q1 2027. ADT reported Q2 revenue of $1.31B and adjusted earnings of $0.23 per share. The company is scheduled to report Q3 results on November 3.
How this was made

The 30-second read
Why it matters
The acquisition premium and immediate share rally suggest strong market support, but execution risk remains.
Market read
The deal is a material M&A event for a mid‑cap U.S. stock, driving a sharp price move and likely influencing sector peers.
What to watch
Potential integration costs and debt load post‑acquisition may affect long‑term value.
Background
ADT provides home security and smart‑home solutions; Thrive Holdings is a private investment vehicle of Joshua Kushner.
Ticker impact
Thrive Holdings announced a $10 per share cash offer to take ADT private, causing a 34% share surge.
upward pressure as market prices in the premium and pending buyout.
The cash offer represents a 35% premium and triggers a 34% intraday rally, indicating strong buyer interest and limited supply.
Market effects
Home security and smart‑home sector may see valuation pressure as peers are compared to ADT's premium.
U.S. market sees a notable move in the security services niche.
Limited to U.S. equities; no broader macro impact.
Counterpoint
Deal could face regulatory or financing delays, potentially eroding the premium.
Key entities
- companyADT Inc.
Home security provider being taken private.
- investment vehicleThrive Holdings
Backed by Joshua Kushner, buyer in the transaction.

