Thrive Capital in talks to acquire ADT

Thrive Capital is reported to be negotiating a purchase of ADT, which could take the security‑services firm private. The deal may involve a record‑size private loan and additional bank financing. ADT’s market value is cited at about $5 billion and the company is slated to release its third‑quarter results soon. Recent ADT transactions include the sale of its B2B multifamily business for $55 million and the acquisition of Origin Wireless.

If the acquisition proceeds, ADT could be taken private, removing its shares from public markets and altering its capital structure with a large private loan. Shareholders may receive a cash offer at a premium to the current $5 billion valuation.

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