PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, December 4, 2:28 AM
| This Slide: #274 of 573 |
Slide #274. Belden Inc. — Preferred Stock Offering
Company:
Belden Inc. (NYSE:BDC)
Date announced:
7/20/2016
Shares Offered:
4,500,000
Date of Pricing:
7/20/2016
Price Per Share:
$100.00
Preferred Stock Offering Details:
Belden Inc. (NYSE:BDC), a global leader in signal transmission solutions for mission critical applications, today announced the commencement of an underwritten public offering of 4,500,000 depositary shares, each of which represents a 1/100th interest in a share of its Series B Mandatory Convertible Preferred Stock ("Mandatory Convertible Preferred Stock"). The underwriters of the offering have an option to buy up to 675,000 additional depositary shares to cover over-allotments. -updated 7/20- Belden Inc. (NYSE:BDC), a global leader in signal transmission solutions for mission critical applications, today announced the pricing of its previously announced underwritten public offering of 4,500,000 depositary shares, each of which represents a 1/100th interest in a share of its 6.75% Series B Mandatory Convertible Preferred Stock ("Mandatory Convertible Preferred Stock"). The underwriters of the offering have an option to buy up to 675,000 additional depositary shares to cover over-allotments. The offering price is $100.00 per depositary share. The offering is expected to close on July 26, 2016, subject to customary closing conditions.
Belden is a global supplier of networking solutions built around two global business platforms: Enterprise Solutions and Industrial Solutions. Co.'s portfolio of solutions enables customers to transmit and secure data, sound, and video for mission critical applications across enterprise and industrial environments. Co.'s Enterprise Solutions segment provides network infrastructure solutions, as well as cabling and connectivity solutions for commercial audio/video and security applications. Co.'s Industrial Solutions segment provides networking components and machine connectivity products.
Preferred: BDC.PRB
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Strong Buy (4.00 out of 4) 96th percentile
(ranked higher than approx. 96% of all stocks covered)
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