St. Louis, Missouri - Belden (NYSE:BDC) announced today that its Board of Directors has authorized a $100 million share repurchase program. The repurchase may occur in the open market or in privately negotiated transactions, at times and prices considered appropriate. The Company had 45.1 million shares outstanding on July 30, 2007.
John Stroup, President and Chief Executive Officer, said, "This share repurchase program reflects our confidence in our ability to implement successfully our strategic plan. "
Forward Looking Statements
This release contains forward-looking statements made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect management's beliefs and expectations. They are not guarantees of future performance and they involve risk and uncertainty. The Company's actual results may differ materially from these expectations. Some of the factors that may cause actual results to differ from the Company's expectations include demand for the Company's products; the cost and availability of materials including copper, plastic compounds derived from fossil fuels, and other materials; energy costs; the Company's ability to integrate successfully the acquired businesses; and other factors. For a more complete discussion of risk factors, please see our Annual Report on Form 10-K.
Belden is a leader in the design, manufacture, and marketing of signal transmission solutions for data networking and a wide range of specialty electronics markets including entertainment, industrial, security and aerospace applications. To obtain additional information contact Investor Relations at 314-854-8054, or visit our website at www.belden.com.