Cable Design (NYSE:CDT)
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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/