Snap One surges on Resideo's $1.4 bln buyout deal

Resideo Technologies

15/04/2024 11:32

** Shares of smart-home supplier Snap One  SNPO.O  surge
29.2% to $10.52 premarket
    ** Resideo Technologies  REZI.N  to buy SNPO in $1.4 bln
deal, including debt  
    ** The home safety and security solutions provider to buy
SNPO for $10.75/shr in cash, ~32% premium to Friday's close 
    ** SNPO shares down 8.6% YTD, as of last close vs Nasdaq's
 .IXIC  ~8% advance; REZI shares up 12% YTD

 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com;))