Resideo Technologies, Inc. (REZI)

UPDATE 2-Home solutions provider Resideo to buy Snap One in $1.4 billion deal

Home safety and security solutions provider Resideo Technologies said on Monday it would buy Snap One in a deal worth about $1.4 billion, including debt. The acquisition will help Resideo's ADI unit, a global distributor of audio-visual and low-voltage products, benefit from Snap One's smart-living solutions. "ADI and Snap One are highly complementary businesses and together will meaningfully enhance our strategic and operational capabilities," Resideo CEO Jay Geldmacher said.