Home solutions provider Resideo to buy Snap One in $1.4 billion deal [Reuters]
Snap One Holdings Corp. (SNPO)
Company Research
Source: Reuters
, opens new tab said on Monday it would buy Snap One (SNPO.O) New Tab , opens new tab in a deal worth about $1.4 billion, including debt. The $10.75-per-share cash deal for Snap One, a maker of security solutions such as surveillance cameras and thermostats, represents a 32.1% premium to the stock's last close. The acquisition will help Resideo's ADI unit, a global distributor of audio-visual and low-voltage products, benefit from Snap One's smart-living solutions. "ADI and Snap One are highly complementary businesses and together will meaningfully enhance our strategic and operational capabilities," Resideo CEO Jay Geldmacher said. Shares of Snap One shot up 30.47% to $10.62 in premarket trading, after dropping 8.64% for the year so far. Resideo intends to fund the deal with a combination of debt, cash on hand, and a $500 million perpetual convertible preferred equity investment from Clayton, Dubilier & Rice LLC. Report this ad The deal is expected to add to its adju
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News
- Snap One Holdings Corp. to Report Fiscal First Quarter 2024 Financial Results on Tuesday, May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- Snap One Holdings Corp. to Report Fiscal First Quarter 2024 Financial Results on Tuesday, May 7, 2024GlobeNewswire
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Snap One Holdings Corp. (Nasdaq – SNPO), Encore Wire Corporation (Nasdaq – WIRE), Progressive Care Inc. (OTCQB - RXMD), HireRight Holdings Corporation (NYSE – HRT)GlobeNewswire
- Breakeven On The Horizon For Snap One Holdings Corp. (NASDAQ:SNPO) [Yahoo! Finance]Yahoo! Finance
- Why Snap One Holdings Stock Was Crushing It This Week [Yahoo! Finance]Yahoo! Finance
SNPO
Earnings
- 3/7/24 - Miss
SNPO
Sec Filings
- 4/18/24 - Form 8-K
- 4/15/24 - Form 8-K
- 4/9/24 - Form DEFA14A
- SNPO's page on the SEC website