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Snap One Holdings (SNPO) has provided an announcement.
On June 14, 2024, Snap One finalized its merger, becoming a wholly-owned subsidiary of Resideo in a deal valued at approximately $1.4 billion, including net debt. The transaction was settled with both cash and financing arrangements. This major financial move led Snap One to terminate its existing Credit Agreement, pay off $521 million in obligations, and to delist from the Nasdaq, signaling a significant shift in the company’s structure and stock market presence. Concurrently, corporate governance changes ensued, with new directors and officers appointed as per the terms of the merger, and an issuance of a press release to announce the merger’s successful closure.
For detailed information about SNPO stock, go to TipRanks’ Stock Analysis page.
