ADT Inc. announces 102M share offering of common stock for holders

ADT Inc. (ADT) announced a proposed secondary public offering of 102,000,366 shares of the company’s common stock held by certain entities managed by affiliates of Apollo Global Management (APO), which represent all the remaining shares owned by the Selling Stockholders. The company is not selling any shares and will not receive any proceeds from the proposed offering. Barclays and Citigroup are acting as book-running managers for the proposed offering.