ST. LOUIS--(BUSINESS WIRE)--Belden Inc. (NYSE: BDC) announced today that it extended the expiration date of its shareholder rights agreement until December 10, 2019. The agreement had been scheduled to expire on December 9, 2016.
Because the term was shortened to three years, the Company also removed a Three Year Independent Director Evaluation, or “TIDE,” provision from the rights agreement. In addition, the Company updated the purchase price for 1/1000 of a share of Junior Participating Preferred Stock, Series A to $325.00. No other significant changes were made as part of the extension.
Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today’s applications. Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia. For more information, visit us at www.belden.com or follow us on Twitter @BeldenInc.