ADT Falls 6.5% After Apollo Sale Pricing

ADT Inc. shares fell 6.5% on Monday after Apollo priced a 102‑million‑share secondary offering at $7.30‑$7.55.
Apollo seeks up to $770 million, pricing at or below the prior close of $7.55, marking its complete exit from ADT.
ADT will repurchase 29.1 million shares using its $1.5 billion buyback authorization, receiving no proceeds from the sale.
Underwriters Barclays, Citi, Morgan Stanley, Goldman Sachs, BTIG lead the deal and will not earn fees on the repurchased shares.