Cable manufacturer Belden Inc said it bought privately held PPC, which makes connectors used to provide broadband services, for $515.7 million. Belden said it expects the deal to add 54 cents per share to 2013 earnings.
Belden Inc. (Belden) designs, manufactures, and markets cable, connectivity, and networking products in markets, including industrial, enterprise, broadcast, and consumer electronics. Shares of BDC remained unchanged at $39.70. In the past year, the shares have traded as low as $29.65 and as high as $41.43. On average, 234335 shares of BDC exchange hands on a given day and today's volume is recorded at 0.
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