SNPO - Why Is Snap One Stock Jumping Premarket Monday? | Benzinga
Snap One Holdings Corp. (NASDAQ:SNPO) shares are jumping premarket today after the company inked a definitive deal to be acquired by Resideo Technologies, Inc. (NYSE:REZI) for around $1.4 billion, including net debt.
The per-share price of $10.75 represents a 32% premium to Snap One’s closing shares price on April 12, 2024.
The transaction represents a 7.4x multiple on Snap One’s adjusted EBITDA for the twelve months ending December 29, 2023, further adjusted by including projected annual run-rate synergies of $75 million.
The transaction is anticipated to close in the second half of 2024, subject to ...