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Stock impact report

PE-backed SnapAV to buy Control4 for about $680 mln [Reuters]

CONTROL 4 CORP COMMON (CTRL) 
Last control 4 corp common earnings: 5/9 08:07 am Check Earnings Report
US:NASDAQ Investor Relations: investor.control4.com
Company Research Source: Reuters
PE-backed SnapAV to buy Control4 for about $680 mln SnapAV Hellman & Friedman LLC Control4 Simpson Thacher & Bartlett LLP Raymond James & Associates Inc Goodwin Procter LLP PRESS RELEASE CHARLOTTE, N.C. & SALT LAKE CITY–(BINESS WIRE)–SnapAV, a leading manufacturer and primary source of A/V, surveillance, networking and remote management products for professional integrators, and Control4 Corporation (NASDAQ: CTRL) (“Control4”), a leading global provider of smart home solutions, today announced that they have entered into a definitive merger agreement (the “Agreement”) where SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million. This highly complementary combination will leverage the increased resources of the two companies to provide integrators with a true one-stop shop, offering a complete product portfolio of custom smart-home, control and automation solutions. Together, SnapAV and Control Show less Read more
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