Anuj Mehndiratta

Money Moves

Involved in the ADT acquisition

ADT, the home security company that has protected homes for more than 150 years, is going private. Joshua Kushner's Thrive Holdings agreed October 29 to buy it for $10 per share in cash, or $7.6 billion in equity and $15.3 billion including debt. ADT closed that day about 1.2% below $10, a gap that suggests investors expect no higher bid.

Updated Oct 30