Vistance Networks Completes Sale of RUCKUS Networks to Belden for $1.75 Billion

Corporate Action

โดย Vistance Networks·Read original

Summary · why it matters

Vistance Networks has completed the sale of its RUCKUS Networks business to Belden Corporation. The company expects net proceeds of approximately $1.75 billion after taxes, fees, and expenses. A significant portion of the net proceeds will be distributed to shareholders as a dividend within 60 days, with the exact amount and timing to be determined by the board. President and CEO Chuck Treadway said the deal positions RUCKUS with a strong owner while allowing Vistance to focus on growing its Aurora Networks business.

Belden Inc ▲