Belden Grabs PPC for $515.7M
The target provides broadband-connectivity services
Belden Inc. (NYSE: BDC) has acquired PPC, a company that provides broadband-connectivity services, for $515.7 million.
PPC provides its services for cable television, telecommunications and Internet.
The target, headquartered in Syracuse, N.Y., had revenues of about $238 million for 2012.
St. Louis, Mo., -based Belden designs, manufactures and sells connectivity products for industrial, enterprise and broadcast markets.
Baker & McKenzie represented PPC on the deal.
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