Snap One Holdings shares are trading higher after the company announced that it will be acquired by Resideo Technologies.
Portfolio Pulse from Benzinga Newsdesk
Snap One Holdings is set to be acquired by Resideo Technologies, leading to an increase in Snap One's share prices.
April 15, 2024 | 11:30 am
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Snap One Holdings' shares are trading higher following the announcement of its acquisition by Resideo Technologies.
Acquisitions typically lead to a positive short-term price movement for the company being acquired due to anticipated synergies and premium paid over the market price. Snap One Holdings' announcement of its acquisition by Resideo Technologies has likely led to increased investor optimism about its future prospects, driving up its share price.
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