April 15 (Reuters) - Resideo Technologies Inc ( REZI ):

* RESIDEO TO ACQUIRE SNAP ONE TO EXPAND PRESENCE IN SMART

LIVING

PRODUCTS AND DISTRIBUTION

* SNAP ONE HOLDINGS CORP ( SNPO ): PROPOSED DEAL FOR $10.75 PER SHARE

IN

CASH

* SNAP ONE HOLDINGS CORP ( SNPO ): PROPOSED DEAL FOR TRANSACTION

VALUE OF

APPROXIMATELY $1.4 BILLION

* SNAP ONE HOLDINGS CORP ( SNPO ): TRANSACTION HAS BEEN UNANIMOUSLY

APPROVED BY BOARDS OF DIRECTORS OF RESIDEO AND SNAP ONE

* SNAP ONE HOLDINGS CORP ( SNPO ): DEAL TRANSACTION VALUE INCLUSIVE

OF NET

DEBT

* SNAP ONE HOLDINGS CORP ( SNPO ): UPON CLOSING, SNAP ONE WILL

INTEGRATE

INTO RESIDEO'S ADI GLOBAL DISTRIBUTION BUSINESS

* SNAP ONE HOLDINGS CORP ( SNPO ): TRANSACTION IS EXPECTED TO BE

ACCRETIVE

TO RESIDEO NON-GAAP EPS IN FIRST FULL YEAR OF OWNERSHIP

* SNAP ONE HOLDINGS CORP ( SNPO ): TRANSACTION WITH FAVORABLE

REVENUE

GROWTH AND MARGIN PROFILE TO ADI AND RESIDEO AS A WHOLE

* SNAP ONE HOLDINGS ( SNPO ): RESIDEO TO USE PROCEEDS FROM COMMITTED

DEBT

FINANCING, CASH ON HAND TO FUND TRANSACTION

* SNAP ONE HOLDINGS ( SNPO ): RESIDEO TO ALSO USE PROCEEDS FROM $500

MILLION PERPETUAL CONVERTIBLE PREFERRED EQUITY INVESTMENT FROM

CD&R TO FUND TRANSACTION

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