ST. LOUIS--(BUSINESS WIRE)--
Belden Inc. (NYSE: BDC) announced today that it extended the expiration
date of its shareholder rights agreement until December 10, 2019. The
agreement had been scheduled to expire on December 9, 2016.
Because the term was shortened to three years, the Company also removed
a Three Year Independent Director Evaluation, or “TIDE,” provision from
the rights agreement. In addition, the Company updated the purchase
price for 1/1000 of a share of Junior Participating Preferred Stock,
Series A to $325.00. No other significant changes were made as part of
the extension.
About Belden
Belden Inc. delivers a comprehensive product portfolio designed to meet
the mission-critical network infrastructure needs of industrial,
enterprise and broadcast markets. With innovative solutions targeted at
reliable and secure transmission of rapidly growing amounts of data,
audio and video needed for today’s applications. Belden is at the center
of the global transformation to a connected world. Founded in 1902, the
company is headquartered in St. Louis and has manufacturing capabilities
in North and South America, Europe and Asia. For more information, visit
us at www.belden.com
or follow us on Twitter @BeldenInc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161209005528/en/
Source: Belden Inc.