News Releases

Baker Botts Represents Monitronics International in Acquisition of Security Networks

Release

 

NEW YORK, July 15, 2013 -- On July 10, Monitronics International, Inc. (“Monitronics”), a subsidiary of Ascent Capital Group Inc. (“Ascent”), signed a definitive agreement to acquire Security Networks, LLC (“Security Networks”), 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 million of cash and 253,333 newly issued shares of Ascent Series A common stock with an agreed value of $20 million. The purchase price is subject to adjustment at closing and is based upon Security Networks delivering recurring monthly revenue of $8.8 million.

Baker Botts represented Monitronics in the matter.

For more information, Ascent’s news release is available here.

About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Throughout our 173-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit www.bakerbotts.com.

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