$BDC (Belden Inc.)

$BDC {{ '2016-10-04T11:48:43+0000' | timeago}} • Announcement

$BDC said that, subject to market conditions, it intends to offer $223.36MM (€200MM) in aggregate principal amount of senior subordinated notes due 2026 for sale to eligible purchasers in a private offering. The company intends to use the net proceeds of the offering and cash on hand to repay in full and terminate its term loan credit agreement.

$BDC {{ '2017-07-06T13:34:04+0000' | timeago}} • Announcement

$BDC announced the final results of its offer to purchase its outstanding 5.5% senior subordinated notes due 2022, which commenced on June 27, 2017. The tender offer expired on July 5, 2017. $BDC received tenders from holders of $581.1MM aggregate principal amount, representing approx 83.02% of the aggregate principal outstanding of the 2022 notes.

$BDC {{ '2017-06-27T17:49:38+0000' | timeago}} • Announcement

$BDC has priced its private offering of €450MM of 3.375% senior subordinated notes due 2027 at an issue price of 100% of the principal amount. The offering is expected to close on July 6, 2017. The company intends to use proceeds from the offering mainly to fund its concurrent cash tender offer for outstanding 5.5% subordinated notes due 2022.

$BDC {{ '2017-06-27T12:15:51+0000' | timeago}} • Announcement

$BDC intends to offer €400MM in aggregate principal amount of senior subordinated notes due 2027 for sale to eligible purchasers in a private offering. Belden intends to use the net proceeds to fund its concurrent cash tender offer for its outstanding 5.5% senior subordinated notes due 2022.

$BDC {{ '2017-06-27T12:08:46+0000' | timeago}} • Announcement

$BDC has commenced a cash tender offer to purchase its outstanding 5.5% senior subordinated notes due 2022. As of June 27, 2017, there was $700MM aggregate principal amount of the 2022 notes outstanding. The tender offer will expire at 5:00 PM, on July 5, 2017, unless extended or earlier terminated.

$BDC {{ '2017-05-25T17:14:34+0000' | timeago}} • Announcement

$BDC's BoD approved a quarterly dividend of $168.75 per share of its 6.75% series B mandatory convertible preferred stock. The dividend is payable on July 17, 2017 to shareholders of record as of July 1, 2017.

$BDC {{ '2017-05-25T17:13:35+0000' | timeago}} • Announcement

$BDC's BoD approved a new share repurchase authorization that enables the company to purchase up to $200MM of its common stock. The BoD also approved a quarterly dividend of $0.05 per share of common stock, payable on July 6, 2017 to shareholders of record as of June 15, 2017.

$BDC {{ '2017-05-05T20:33:43+0000' | timeago}} • Announcement

$BDC rescinded its proposal to acquire $DGII in light of the 2Q17 results and FY17 outlook reported by $DGII. $BDC’s offer of $13.82 per share in cash, initially disclosed on November 11, 2016, was based on a 10x EBITDA multiple on EBITDA of $24MM implied by the high end of guidance provided by $DGII to its shareholders on October 27, 2016.

$BDC {{ '2017-05-04T17:48:04+0000' | timeago}} • Announcement

$BDC has agreed to acquire privately held Thinklogical, a provider of large scale video and data distribution systems, from Riverside Partners, a private equity firm, for $160MM. The transaction will be financed with cash on hand and is expected to close in 2Q17.

$BDC {{ '2017-01-27T11:50:27+0000' | timeago}} • Announcement

$BDC expects full-year 2017 GAAP and adjusted revenues to be $2.355-2.405Bil and GAAP EPS to be $3.38-3.63. On an adjusted basis, EPS is expected to be in the range of $4.95-5.20.

$BDC {{ '2017-01-27T11:49:59+0000' | timeago}} • Announcement

$BDC has agreed to sell its Mobile Machine Control Solutions (MCS) business, including a 50% interest in a Chinese JV to WIKA Group for approx. $39MM. The transaction is expected to close in 2Q17. For FY17, the divestiture is expected to reduce revenues and EPS by approx. $27MM and $0.05, respectively.

$BDC {{ '2016-12-06T16:14:33+0000' | timeago}} • Announcement

$BDC sends another letter to the BoD of $DGII reiterating its offer to buy 100% of $DGII for $13.82 per share in cash in a transaction valued at about $380MM. The acquisition would be fully funded with existing cash reserves and therefore is not subject to any financing contingency.

$BDC {{ '2016-11-30T21:32:11+0000' | timeago}} • Announcement

The BoD of $BDC elected the company's CEO John Stroup as Chairman of the Board. Stroup replaces Bryan Cressey, who will remain as the Lead Independent Director.

$BDC {{ '2016-11-30T13:32:37+0000' | timeago}} • Announcement

$BDC's BoD declared a quarterly dividend of $0.05 per common share, payable on Jan. 4, 2017 to shareholders of record on Dec. 16, 2016. The Board also declared a quarterly dividend of $168.76 per 6.75% series B mandatory convertible preferred share, payable on Jan. 17, 2017 to shareholders of record on Jan. 1, 2017.

$DGII {{ '2016-11-14T17:51:08+0000' | timeago}} • Announcement

$DGII confirmed it received unsolicited, conditional and non-binding proposal from $BDC to buy $DGII for $13.82 per share in cash. After evaluation, $DGII's BoD unanimously rejected proposal on Nov. 8 and again on Nov. 11 determining that proposal significantly undervalues $DGII and its future growth prospects and is not in its best interest.

$BDC {{ '2016-10-04T11:48:43+0000' | timeago}} • Announcement

$BDC said that, subject to market conditions, it intends to offer $223.36MM (€200MM) in aggregate principal amount of senior subordinated notes due 2026 for sale to eligible purchasers in a private offering. The company intends to use the net proceeds of the offering and cash on hand to repay in full and terminate its term loan credit agreement.

$BDC {{ '2016-08-22T20:29:51+0000' | timeago}} • Announcement

$BDC said its BoD declared a quarterly dividend of $0.05 per share payable on Oct. 5, 2016 to shareholders of record as of Sept. 15, 2016. The Board also declared a quarterly dividend to the holders of 6.75% series B mandatory convertible preferred stock of $148.13 per share, payable on Oct. 15, 2016 to shareholders of record as of Oct. 1, 2016.

$BDC {{ '2016-07-29T14:28:10+0000' | timeago}} • Announcement

$BDC said it continues to expect FY16 revenues of $2.348-2.378Bil and adjusted revenue of $2.355-2.385Bil. The company lowered its 2016 EPS guidance to range of $2.88-3.08 from previous forecast of $3.23-3.43 and its adjusted EPS outlook to range of $5.15-5.35 from prior range of $5.50-5.70.

$BDC {{ '2016-07-29T14:26:25+0000' | timeago}} • Announcement

$BDC said it successfully closed mandatory convertible preferred stock offering, providing for net proceeds of $501.6MM. $BDC still sees 3Q16 revenue of $593-613MM and its adjusted revenue of $595-615MM. $BDC lowered its 3Q16 EPS outlook to $0.51-0.61 from prior range of $0.66-0.76, and its adjusted EPS forecast to 1.20-1.30 from $1.35-1.45.

$BDC {{ '2016-07-21T05:22:44+0000' | timeago}} • Announcement

$BDC estimates net proceeds from the public offering, after deducting commissions and expenses, will be about $436.1MM. Company intends to use the proceeds for general corporate purposes, which may include investments in or extensions of credit to its subsidiaries or the financing of possible acquisitions, CapEx or business expansion.

$BDC {{ '2016-07-21T05:22:19+0000' | timeago}} • Announcement

Cable products maker $BDC announced pricing of its public offering of 4,500,000 depositary shares, representing 1/100th interest in a share of its 6.75% Series B stock. Offering price is $100 per depositary share. Underwriters have an option to buy up to 675,000 additional shares. Offering is expected to close on July 26, 2016.

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