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Article: Belden and CDT Announce Merger of Equals; Combined Company to be Named Belden CDT Inc.
- Article from:
- PR Newswire
- Article date:
- February 5, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Belden Inc. and Cable Design Technologies announced today that the boards of directors of the two companies have unanimously approved and entered into a definitive agreement providing for a merger of equals. The combined company will be called Belden CDT Inc. and will be headquartered in St. Louis. Belden CDT -- with sales of approximately $1.3 billion -- will be among the largest U.S.-based manufacturers of high-speed electronic copper cable and will focus on products for the specialty electronics and data networking markets, including connectivity. The transaction is expected to be completed during the second quarter of 2004.
Under the terms of the ...