Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - BELDEN INC. | c61946e8vk.htm |
| EX-99.2 - EX-99.2 - BELDEN INC. | c61946exv99w2.htm |
Exhibit 99.1
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7733 Forsyth Boulevard Suite 800 St. Louis, Missouri 63105 |
Phone: 314.854.8000 Fax: 314.854.8003 www.Belden.com |
News Release
Belden Completes Sale of Trapeze Networks
St. Louis, Missouri — December 17, 2010 — Belden Inc. (NYSE: BDC), a global leader in signal
transmission solutions for mission critical applications, announced today that it has completed the
sale of Trapeze Networks to Juniper Networks, Inc. for a purchase price of approximately $152.1
million. Ten percent of the purchase price was deposited into an escrow account according to terms
negotiated between the parties. The purchase price is subject to adjustment based on a
post-closing analysis of the closing date balance sheet.
About Belden
St. Louis-based Belden Inc. designs, manufactures, and markets cable, connectivity, and networking
products in markets including industrial automation, enterprise, transportation, infrastructure,
and consumer electronics. It has approximately 7,000 employees, and provides value for industrial
automation, enterprise, education, healthcare, entertainment and broadcast, sound and security,
transportation, infrastructure, consumer electronics and other industries. Belden has manufacturing
capabilities in North America, Europe, and Asia, and a market presence in nearly every region of
the world. Belden was founded in 1902, and today is a leader with some of the strongest brands in
the signal transmission industry. For more information, visit www.belden.com.
Contact:
Belden Investor Relations
314-854-8054
Investor.Relations@Belden.com
314-854-8054
Investor.Relations@Belden.com