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Tuesday, December 9, 2014

Belden to purchase cybersecurity firm Tripwire for $710 mln, (NYSE: BDC)

Belden Inc, a maker of networking and cable products, said it will purchase Tripwire, a Portland-based cybersecurity firm, for $710 million. Belden said the transaction will add 65 cents per share to adjusted income from continuing operations in 2015.The deal , which is expected to close in the first quarter of 2015, will allow the companies to deliver cybersecurity solutions across industrial and broadcast markets, it said.Belden and Tripwire, a Thoma Bravo LLC company, worked together previously in September to improve infrastructure cybersecurity in manufacturing organizations.Shares of St. Louis-based Belden shares closed at $74.92 on the New York Stock Exchange on Tuesday.

Belden Inc. (Belden) designs, manufactures and markets cable, connectivity, and networking products in markets including industrial, enterprise, and broadcast. Shares of BDC traded higher by 2.21% or $1.62/share to $74.92. In the past year, the shares have traded as low as $58.06 and as high as $79.30. On average, 268408 shares of BDC exchange hands on a given day and today's volume is recorded at 193155.