$516M Acquisition Positions Belden for Growth Surge

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Bolaji Ojo
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Re: 1+1=3
Bolaji Ojo   12/12/2012 6:29:25 AM
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Flyingscot, From what I was able to gather, the PPC acquisition gives Belden a play in the broadcast market, according to S&P's. The ratings agency believes the company is gaining a business that has higher operating margins and said the PPC deal "should aid profitability."

The one concern I had was on the financing of the acquisition. Apparently, Belden is paying for it with cash on hand of about $386 million, the $265 million proceeds from the sale of the Thermax and Raydex divisions and borrowings from a $200 million revolving loan facility.

FLYINGSCOT
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1+1=3
FLYINGSCOT   12/11/2012 4:44:49 PM
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I hope PPC brings some decent IP to the deal and that Belden is not simply buying PPC to add to its top line sales numbers.  Thy need to add technology they don't already own to compete in a tough market.

SP
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$516M Acquisition Positions Belden for Growth Surge
SP   12/11/2012 1:12:31 PM
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Good news for the industry!



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