Belden (BDC) is selling its consumer electronics assets in China to Shenzhen Woer...

|About: Belden Inc. (BDC)|By:, SA News Editor

Belden (BDC) is selling its consumer electronics assets in China to Shenzhen Woer Heat-Shrinkable Material Co. for around $43M, as it turns to focus on areas it sees of strategic relevance in Asia. The sale will reduce FY13 revenue by approximately $100M - $120M with no significant impact to operating profit. Additionally, it expects to close in FY12, and to incur non-cash charges of approximately $25M. Shares -0.8% AH.