Belden (BDC) to Divest Grass Valley

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Go back to Belden (BDC) to Divest Grass Valley

Belden Announces Definitive Agreement to Divest Grass Valley

February 4, 2020 6:35 AM EST

ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, today announced the signing of a definitive agreement to sell the Companys Live Media business (Grass Valley) to Black Dragon Capital, a private equity firm with a focus on technology investment opportunities in disrupted industries. The transaction is expected to close in the first half of 2020, following the receipt of regulatory approvals and other closing conditions.

The transaction consideration includes an upfront cash payment of $140 million plus various forms of deferred consideration, including a $213 million five-year... More