Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Stock Traders Daily
$20.00
Provider: New Constructs, LLC
$25.00
Provider: Plunkett Research, Ltd.
$99.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Belden Inc To Divest Thermax And Raydex Businesses; Authorizes Up To $200 Million Of Additional Stock Repurchases


Thursday, 29 Nov 2012 07:30am EST 

Belden Inc announced that it has entered into a definitive agreement to sell Thermax and Raydex cable businesses, serving the aerospace and defense industry, to Carlisle Companies Incorporated. Consideration will be approximately $265 million. The transaction is expected to close by December 31, 2012. The Company also announced that Board of Directors approved a new share repurchase program that enables the Company to purchase up to $200 million of common stock through open market purchases, negotiated transactions, or other means, in accordance with applicable securities laws and other restrictions. This program will be funded by cash on hand, proceeds from divestitures and free cash flow. 

Company Quote

77.24
0.36 +0.47%
4:04pm EDT