Belden and CDT Set Shareholder Meetings for July 15, 2004
03 Junio 2004 - 8:30PM
PR Newswire (US)
Belden and CDT Set Shareholder Meetings for July 15, 2004 ST. LOUIS
and SCHAUMBURG, Ill., June 3 /PRNewswire-FirstCall/ -- Belden Inc.
(NYSE:BWC) and Cable Design Technologies Corporation (NYSE:CDT)
have set July 15, 2004, as the date for Belden's annual shareholder
meeting and CDT's special shareholder meeting. The merger of the
two companies, which was announced in February, requires the
approval of shareholders of both companies. If approved, the merger
will take place upon the close of business on the shareholder
meeting date, or within one or two business days after the
meetings. Additionally, CDT's registration statement on form S-4
was declared effective by the SEC today, June 3, 2004. The
registration statement includes the joint proxy statement and
merger prospectus for Belden and CDT. The companies will commence
the mailing of proxy materials to shareholders as soon as possible
so that shareholders may vote on the merger and other matters. The
companies received notice in March from the Federal Trade
Commission of early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection
with their proposed merger. Other regulatory filings have been
completed and waiting periods have expired without comment. The
combined company, to be called Belden CDT Inc., expects to continue
to trade on the New York Stock Exchange under the new ticker symbol
BDC. Belden CDT will be among the largest U.S.-based manufacturers
of high-speed electronic copper cable and will focus on products
for the specialty electronics and data networking markets,
including connectivity. Additional Information and Where to Find It
Stockholders of Belden and CDT are urged to read the definitive
joint proxy statement-prospectus filed with the SEC on June 3, 2004
and the other relevant materials relating to the proposed
transaction before voting or making any investment decision with
respect to the proposed transaction because these materials contain
important information about Belden, CDT and the proposed
transaction. The definitive joint proxy statement-prospectus will
be sent to the stockholders of Belden and CDT seeking their
approval of the proposed transaction. Stockholders may obtain a
free copy of these materials and other documents filed by Belden or
CDT with the SEC at the SEC's website at http://www.sec.gov/ . A
free copy of the joint proxy statement- prospectus may also be
obtained from CDT at 1901 North Roselle Road, Schaumburg, IL 60195,
or from Belden at 7701 Forsyth Boulevard, Suite 800, St. Louis, MO
63105. In addition, stockholders may access copies of the documents
filed with the SEC by Belden on Belden's website at
http://www.belden.com/ and stockholders may access copies of the
documents filed with the SEC by CDT on CDT's website at
http://www.cdtc.com/ . Participants in the Transaction CDT, Belden
and their respective executive officers and directors may be deemed
to be participants in the solicitation of proxies from their
respective stockholders with respect to the proposed transaction.
Information about the directors and executive officers of CDT and
their ownership of CDT shares and information about the directors
and executive officers of Belden and their ownership of Belden
stock is set forth in the definitive joint proxy
statement-prospectus of Belden and CDT filed with the SEC on June
3, 2004. Forward-Looking Statements This release contains, in
addition to statements of historical fact, certain forward-looking
statements. These forward-looking statements involve risk and
uncertainty. Actual results could differ from those currently
anticipated due to a number of factors including those mentioned in
documents filed with the SEC by Belden and CDT. Forward-looking
statements are based on information available to management at the
time, and they involve judgments and estimates. There can be no
assurance as to the timing of the closing of the merger, or whether
the merger will close at all, or that the expected synergies and
cost savings will be realized. Factors that could cause results to
differ from expectations are discussed in Belden's Annual Report on
Form 10-K for the year ended December 31, 2003, filed with the SEC
on March 4, 2004, and amended on April 28, 2004; Belden's current
report on Form 8-K filed May 26, 2004; and CDT's Registration
Statement on Form S-4 filed with the SEC on June 3, 2004, which
includes the definitive joint proxy statement- prospectus for
Belden and CDT. Belden assumes no responsibility to update any
forward-looking statements as a result of new information or future
developments. About Belden Belden is linking people and technology
by designing, manufacturing, and marketing electronic cable
products for the worldwide broadcasting, industrial, data
networking and communications markets. Visit Belden's website at
http://www.belden.com/ . About CDT Cable Design Technologies (
http://www.cdtc.com/ ) is a leading designer and manufacturer of
high-bandwidth network connectivity products used in computer
interconnect, switching and wireless applications and electronic
data and signal transmission products that are used in automation
and process control and specialty applications. DATASOURCE: Belden
Inc. CONTACT: Dee Johnson, Director, Investor Relations, of Belden,
+1-314-854-8054, or Chuck Cohrs, Treasurer of Cable Design
Technologies, +1-847-230-1836 Web site: http://www.belden.com/
http://www.cdtc.com/
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