- Belden (NYSE:BDC) submits an offer at $13.82 per share, noting terms represent a 35% premium over Digi International's (DGII) one month volume-weighted average price, a 37% premium over its trailing thirty-six month volume-weighted average, a 25% premium over yesterday's closing share price ($11.05), an indicated $242M enterprise value over the company's estimated $158M one as of yesterday's close and a 10x EBITDA multiple relative to the high end of prior company-issued guidance.
- The memo is a reiteration of terms Belden had initially formalized on November 4, which Digi International is claimed to have been unwilling to engage with.
- Belden shares unmoved (+0.01%) after hours.