ADT Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
ADT Inc. announced a secondary offering of approximately 102 million shares held by Apollo Global Management affiliates, with the company not selling shares or receiving proceeds. Concurrently, ADT plans to repurchase up to about 29 million shares under its $1.5 billion repurchase plan. The offering is managed by Barclays and Citigroup and register…