ADT launches secondary stock offering by Apollo affiliates and plans $1.5B share buyback

ADT Inc. announced a secondary public offering of 102 million shares held by Apollo Global Management affiliates, with ADT itself not selling shares or receiving proceeds. Concurrently, ADT plans to repurchase up to 29 million shares under its existing $1.5 billion buyback program. The offering is managed by Barclays and Citigroup, with shares to be sold on the NYSE and other markets. This move allows Apollo to exit its remaining stake while ADT supports its stock price through repurchases, signaling confidence in its business outlook.