Previous Close | 19.20 |
Open | 19.08 |
Bid | 0.00 x 1000 |
Ask | 0.00 x 800 |
Day's Range | 19.06 - 19.44 |
52 Week Range | 14.20 - 23.21 |
Volume | |
Avg. Volume | 984,334 |
Market Cap | 2.814B |
Beta (5Y Monthly) | 2.12 |
PE Ratio (TTM) | 13.57 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Smart home firm Resideo announced an agreement to buy industry peer Snap One in a deal worth $1.4 billion.
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.
Home safety and security solutions provider Resideo Technologies said on Monday it would buy Snap One in a deal worth about $1.4 billion, including debt. 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.