CDT merges with Belden

A wholly owned subsidiary of Cable Design Technologies Corp has merged with and into Belden.

A wholly owned subsidiary of Cable Design Technologies Corp has merged with and into Belden.

Immediately prior to the merger, the change of CDT's name to Belden CDT and the one-for-two reverse stock split of CDT's stock were effected.

In an all-stock merger of equals, the exchange ratio of CDT shares for Belden shares was one for one after giving effect to the one-for-two reverse split of CDT.

The combined company will have approximately 46 million shares outstanding.

The merger was approved in shareholder meetings of both companies earlier today.

Belden CDT is one of the largest US-based manufacturers of high-speed electronic cables and focuses on products for the specialty electronics and data networking markets, including connectivity.

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