Home solutions provider Resideo to buy Snap One in $1.4 billion deal (updated)

Resideo Technologies

15/04/2024 11:19

(Adds deal details and background in paragraphs 2-3)
       April 15 (Reuters) - Home safety and security solutions
provider Resideo Technologies  REZI.N  said on Monday it would
buy Snap One  SNPO.O  in a deal worth about $1.4 billion deal,
including debt.
    The company said it has agreed to acquire Snap One for
$10.75 per share in cash, representing a 32.1% premium to its
last close.
    Snap One provides connectivity, automation and security
solutions to residential and commercial end markets.

 (Reporting by Abhinav Parmar; Editing by Devika Syamnath and
Shounak Dasgupta)
 ((Abhinav.Parmar@thomsonreuters.com))