Ascent Capital Group's Monitronics Int'l to Buy Securities Networks for $487.5M in Cash, 253,333 Shares
July 10, 2013 at 15:30 PM EDT
Ascent Capital Group, Inc., ("Ascent") (Nasdaq: ASCMA ) announced today that its primary operating subsidiary, Monitronics International, Inc., (“Monitronics”), has signed a definitive agreement to acquire Security Networks, LLC, resulting in a leading home security solutions provider with greater scale, an expanded footprint and enhanced growth prospects. The transaction consideration will consist of $487.5
