Snap-on agreed to acquire Diesel Laptops for approximately $100 million. The transaction expands Snap-on’s heavy-duty diagnostics reach and supports growth in its diagnostics business. Reported integration costs and softer OEM demand could affect execution following the deal.
Key facts
Confluence Investment Management LLC decreased its stake in Snap-On Incorporated (SNA) by 4.3% in the second quarter, selling 18,764 shares but still holding 417,132 shares worth approximately $167.9 million. source
Institutional investors collectively own 84.88% of the company. source