Ademi LLP is investigating whether the proposed $1.14-per-share acquisition of ADT Inc. (NYSE: ADT) by Thrive Holdings provides fair value to ADT’s public shareholders and whether ADT’s Board adequately protected shareholder interests in negotiating and approving the transaction.
What Is Ademi LLP Investigating?
- The $10-per-share acquisition price and whether it adequately reflects ADT’s value and future prospects;
- Substantial change-of-control benefits available to ADT insiders in connection with the transaction;
- Restrictions on competing transactions, including a significant termination penalty that may discourage another potential buyer from making a superior proposal; and
- The conduct of ADT’s Board of Directors in negotiating and approving the transaction and whether the Board fulfilled its duties to public shareholders.