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RSS FeedsBelden Announces Completion of Grass Valley Divestiture
(WorldNews Asia)

 
 

3 july 2020 00:38:30

 
Belden Announces Completion of Grass Valley Divestiture
(WorldNews Asia)
 


ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, today announced the completion of the previously announced divestiture of the Company`s Live Media business (`Grass Valley`) to Black Dragon Capital, a private equity firm led by technology operating executives with deep media-related expertise and a proven track record of building market leading companies. The transaction includes cash consideration plus various forms of deferred consideration. The gross cash consideration is $120 million, or approximately $67 million net of cash delivered with the business. Belden will also invest $3 million for an equity interest in Grass...


 
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