secwatch.observer — SEC 8-K summary
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Issuer:     RESIDEO TECHNOLOGIES, INC. (REZI)
CIK:        0001740332
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001193125-24-096352
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.02, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resideo to acquire Snap One for $10.75/share in cash; raises $500M convertible preferred, $600M debt
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- Merger consideration of $10.75 per share in cash; Snap One majority stockholders consent given.
- CD&R to invest $500M in convertible perpetual preferred stock (7% dividend, conversion price $26.92).
- Debt financing of up to $600M senior secured term loan from Bank of America and Morgan Stanley.
- Closing conditioned on HSR clearance and other customary conditions; no financing contingency.
- Outside date set at October 15, 2024, with possible extension to January 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740332/000119312524096352/0001193125-24-096352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740332/000119312524096352/d802361d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-096352

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