Why Is Snap One Stock Jumping Premarket Monday?
Why Is Snap One Stock Jumping Premarket Monday?
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.
Snap One Holdings Corp.(纳斯达克股票代码:SNPO)今天在盘前上涨,此前该公司签署了一项最终协议,将由Resideo Technologies, Inc.(纽约证券交易所代码:REZI)以约14亿美元(包括净负债)收购。
The per-share price of $10.75 represents a 32% premium to Snap One's closing shares price on April 12, 2024.
每股价格为10.75美元,比Snap One在2024年4月12日的收盘价高出32%。
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.
该交易是Snap One截至2023年12月29日的十二个月调整后的息税折旧摊销前利润的7.4倍,并进一步调整了预计的7500万美元年度运行率协同效应。
The transaction is anticipated to close in the second half of 2024, subject to customary closing conditions.
该交易预计将于2024年下半年完成,但须遵守惯例成交条件。
Post closure, Snap One will be integrated into Resideo's ADI Global Distribution business.
关闭后,Snap One将整合到Resideo的ADI全球分销业务中。
The transaction is expected to be accretive to Resideo's non-GAAP EPS in the first full year of ownership, with favorable revenue growth and margin profile to ADI and Resideo.
该交易预计将增加Resideo在所有权的第一个完整年度的非公认会计准则每股收益,ADI和Resideo的收入和利润率均有可观的增长。
Resideo expects to fund the transaction through proceeds from committed debt financing, cash on hand, and a $500 million perpetual convertible preferred equity investment from Clayton, Dubilier & Rice (CD&R).
Resideo预计将通过承诺债务融资、手头现金以及克莱顿、杜比利尔和赖斯(CD&R)的5亿美元永久可转换优先股投资的收益为该交易提供资金。
At December 31, 2023, Resideo had cash and cash equivalents of $636 million and total outstanding debt of $1.41 billion.
截至2023年12月31日,Resideo的现金及现金等价物为6.36亿美元,未偿债务总额为14.1亿美元。
Jay Geldmacher, Resideo's President and Chief Executive Officer, said, "ADI and Snap One are highly complementary businesses and together will meaningfully enhance our strategic and operational capabilities as a significant player in attractive growth categories."
Resideo总裁兼首席执行官杰伊·盖尔德马赫表示:“ADI和Snap One是高度互补的业务,共同将有意义地增强我们作为有吸引力的增长领域的重要参与者的战略和运营能力。”
John Heyman, Chief Executive Officer of Snap One, said, "This is the right next step to capture new opportunities to bring our solutions to market. The future of smart living is here. Demand for connected technology products continues to grow, and Resideo is the right owner to drive our expansion."
Snap One首席执行官约翰·海曼表示:“这是抓住新机会将我们的解决方案推向市场的正确下一步。智能生活的未来就在这里。对互联技术产品的需求持续增长,Resideo是推动我们扩张的合适所有者。”
Also Read: Ford And Resideo Launch EV-Home Power Partnership Project – What's The Benefit?
另请阅读: 福特和Resideo启动电动汽车-家用电力合作项目—有什么好处?
Price Action: SNPO shares are up 30.8% at $10.65 premarket on the last check Monday.
价格走势:周一的最后一张支票中,SNPO股价上涨30.8%,至盘前10.65美元。
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照片来自 Shutterstock