Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events.

Subsequent Events

15. Subsequent Events

On May 8, 2019, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Wirepath Home Systems, LLC, a North Carolina limited liability company (“Parent”), and Copper Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of Parent, to be acquired for an aggregate value of approximately $680 million (the “Merger”). Under the terms of the Merger Agreement, Company stockholders will receive $23.91 per share in cash upon the closing of the Merger.  The Merger is subject to approval by the Company’s stockholders, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, the decisions, orders, consents or expiration of any waiting periods required to consummate the Merger under the foreign investment, monopolization and anti-competition laws and regulations of certain foreign jurisdictions, the accuracy of the representations and warranties and compliance with the covenants contained in the Merger Agreement, subject to qualifications, and other customary closing conditions. The Merger is currently expected to close in the second half of 2019.