Vistance Networks to sell its unit to Belden for $1.85B (VISN:NASDAQ)

Vistance Networks to sell its unit to Belden for $1.85B (VISN:NASDAQ)

Vistance Networks sells RUCKUS to Belden for $1.846B, plans a special shareholder distribution and refocuses on Aurora.

Vistance Networks Stock Soars 22% on Q1 Beat, $1.85B RUCKUS Sale to Belden and $100M Buyback Plan

RICHARDSON, Texas — Vistance Networks Inc. shares surged more than 22% Thursday, climbing to $12.84 in morning trading after the networking technology company reported a strong first-quarter earnings beat and announced a transformative $1.846 billion all-cash sale of its RUCKUS Networks business to Belden Inc., accelerating its shift toward a focused, high-margin Aurora platform.

Belden to acquire RUCKUS Networks for $1.85bn - Total Telecom

Press Release Belden Inc. (NYSE: BDC) (“Belden” or the “Company”), a leading global supplier of specialty networking solutions, today announced it has entered into a definitive agreement to acquire RUCKUS Networks (“RUCKUS”), a global provider of intelligent network solutions, from Vistance Networks (Nasdaq: VISN) (“Vistance”) for approximately $1.85 billion. The acquisition establishes Belden as a leading provider of complete, end-to-end IT/OT …

Vistance to sell Ruckus unit to Belden for $1.84B

Vistance Networks (formerly CommScope) said it has struck a deal to sell its Ruckus Networks business to Belden for $1.84 billion in cash. #pressrelease

Belden to Acquire RUCKUS Networks from Vistance Networks, Accelerating its Transformation into a Full-Stack Networking Solutions Provider

Acquires RUCKUS Networks from Vistance Networks for approximately $1.85 billion Adds industry-leading Wi-Fi and enterprise switching to serve as a significant growth catalyst Establishes Belden as a leading provider of complete, end-to-end IT/OT ne... L'articolo Belden to Acquire RUCKUS Networks from Vistance Networks, Accelerating its Transformation into a Full-Stack Networking Solutions Provider è un contenuto originale di 01net.