Belden Reports Strong Q1 Results and Announces $1.85 Billion Acquisition of RUCKUS Networks
Belden reported first-quarter revenue of $696 million (up 11% YoY) with adjusted EPS at $1.77, exceeding guidance. The company announced a definitive agreement to acquire RUCKUS Networks for approximately $1.85 billion in an all-cash deal.
Tickers: $BDC
Topics: acquisition deleveraging earnings financial performance M&A