Belden Completes Trapeze Networks Sale

Belden announced today that it has completed the sale of Trapeze Networks to Juniper Networks for a purchase price of approximately $152.1 million

December 17, 2010

1 Min Read

ST. LOUIS -- Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission critical applications, announced today that it has completed the sale of Trapeze Networks to Juniper Networks, Inc. for a purchase price of approximately $152.1 million. Ten percent of the purchase price was deposited into an escrow account according to terms negotiated between the parties. The purchase price is subject to adjustment based on a post-closing analysis of the closing date balance sheet.

Belden Inc. (NYSE: BDC)

Juniper Networks Inc. (NYSE: JNPR)

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