Resideo Technologies Agrees To Acquire Snap One For $10.75 Per Share In Cash, For Transaction Value Of Approximately $1.4B, Inclusive Of Net Debt

Author: Benzinga Newsdesk | April 15, 2024 06:05am

Upon closing, Snap One will integrate into Resideo's ADI Global Distribution business. The transaction is expected to be completed in the second half of 2024. Private investment funds managed by Hellman & Friedman LLC, holding approximately 72% of the outstanding common shares of Snap One, have executed a written consent to approve the merger, thereby providing the required stockholder approval for the transaction. The transaction is valued at approximately $1.4 billion, including forecasted net debt of Snap One at the closing of approximately $460 million.

Posted In: REZI SNPO