Resideo to acquire snap one to expand presence in smart living products and distribution

Creates strong position in security, audio visual, and smart living technology distribution for residential and commercial markets highly complementary capabilities offer professional integrators an expanded selection of proprietary products, extensive third-party supplier relationships, and proven omni-channel reach enhances resideo's growth and margin profile and accretive to non-gaap eps in first full year of ownership identified expected annual run-rate business and financial synergies of $75 million by year three $500 million perpetual convertible preferred equity investment from cd&r scottsdale, ariz. and charlotte, n.c.
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