Archive | June 5, 2012

Belden Emerges as Miranda Buyer

5 Jun

After months of deliberations, Belden has entered into a definitive agreement to make an all-cash offer to acquire Miranda Technologies for C$17 Canadian per share, representing a C$345M valuation. The offer is supported by the Miranda board and will be presented to Miranda shareholders for approval.  If approved, Belden will emerge as a major player in the broadcast & pro video marketplace, from their historical perception as a provider of cable and wire. In 2010 Miranda acquired IT-based playout pioneer OmniBus Systems and in 2008 acquired routings switcher provider Nvision. This announcement is the culmination of a process of “strategic evaluation”  conducted by Miranda management and shareholders since early this year ( see Miranda “Shtum” on Potential Sale and Miranda Shareholder Calls for New Directors) […]