Belden Completes $1.85 Billion Acquisition of RUCKUS Networks
BDC sits 19% above its 52-week low of $101.
Summary
Belden Inc. has finalized its acquisition of RUCKUS Networks. This follows the definitive agreement announced on April 30th, which was valued at approximately $1.85 billion. The completion of this substantial acquisition integrates RUCKUS's networking solutions into Belden's portfolio, marking a significant strategic expansion and potentially enhancing its market position in connectivity and industrial solutions.
At the time of this announcement, BDC was trading at $120.00 on NYSE in the Technology sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $101.00 to $159.99. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.