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Scout Security Ltd (ASX:SCT) has signed a non-binding letter of intent (LOI), proposing an acquisition of Roo Inc as a ‘merger of equals’. Scout – a home security provider which is also an official partner of Amazon Alexa and Google Assistant – has expressed interest in combining with Roo, which is the holding company for New York-based DIY home security technology company Kangaroo. The deal would be advantageous to both due to the similar synergies of the two companies – which both provide a security service connecting security hardware to a smartphone monitoring app. For Scout, the attractio…

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