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Belden to acquire Canada's Miranda Technologies for C$372 mln
June 5, 2012 / 11:52 AM / 5 years ago

Belden to acquire Canada's Miranda Technologies for C$372 mln

June 5 (Reuters) - Cable manufacturer Belden Inc said it agreed to acquire Canadian broadcast equipment maker Miranda Technologies Inc in a deal valued at about C$372 million ($357.31 million).

The C$17 a share offer represents a 64 percent premium to Miranda Technologies’ Monday closing price of C$10.39 on the Toronto Stock Exchange. ($1 = 1.0411 Canadian dollars) (Reporting by Bijoy Koyitty in Bangalore; Editing by Saumyadeb Chakrabarty)

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