Stock Market Today, Oct. 29: ADT Surges 33% on $10 Per Share All-Cash Acquisition Deal
On Oct. 29, 2026, the home security provider's board unanimously approved the buyout, setting a clear price ceiling for investors watching the transaction close.
On October 29, ADT's stock surged by 33% after announcing it would be acquired for $10 per share in a cash deal. The acquisition was valued at roughly 50% above ADT's 30-day average, making it a significant premium. Trading volume reached 157.7 million shares, significantly above its three-month average of 9.9 million shares. ADT, which IPO'd in 2018, has fallen 20% since going public.
The S&P 500 and Nasdaq Composite also experienced declines on the same day. ADT's board unanimously approved the deal, which is expected to close early in 2027. The deal could fit into Thrive Holdings' portfolio of over 75 businesses. Despite the premium price, ADT's market outlook remains pessimistic, with an EV-to-EBITDA ratio of about 6 and a P/FCF ratio of 5.
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