Belden Inc. Buyback
OLI recorded this information on 11/29/2012
Company:
Belden Inc.
Buyback:
BDC buyback
$Amount Authorized:
$200,000,000
Buyback Details:
The Company also announced today that its board of directors approved a new share repurchase program that enables the Company to purchase up to $200 million of its common stock through open market purchases, negotiated transactions, or other means, in accordance with applicable securities laws and other restrictions. This program will be funded by cash on hand, proceeds from divestitures and free cash flow.
Belden is a global supplier of networking solutions built around two global business platforms: Enterprise Solutions (Enterprise) and Industrial Solutions (Industrial). The Enterprise segment provides network infrastructure solutions, as well as cabling and connectivity solutions. Enterprise product lines include copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems. The Industrial segment provides networking components and machine connectivity products. Industrial products include physical network and fieldbus infrastructure components and on-machine connectivity systems.
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Preferred: BDC.PRB
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 97th percentile
(ranked higher than approx. 97% of all stocks covered)
Analysts' Target Price: BDC Stock Forecast Based on Zacks ABR data; powered by Xignite |
