What changed
ADT entered a merger agreement with Abode Parent, LLC and its subsidiary Abode Merger Sub, Inc. on October 29, 2026, under which each outstanding share of common stock and Class B common stock will convert into $10.00 per share in cash. The board unanimously approved the deal, which requires stockholder approval and expiration or termination of the Hart-Scott-Rodino waiting period. Unvested options and RSUs will be canceled and converted into contingent cash rights tied to the merger consideration, and the agreement bars dividends before closing without Parent's consent.
Why it matters
ADT entered a merger agreement with Abode Parent, LLC and its subsidiary Abode Merger Sub, Inc. on October 29, 2026, under which each outstanding share of common stock and Class B common stock will co