Belden (BDC) has agreed to sell its Thermax and Raydex military/aerospace cable businesses to...

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

Belden (BDC) has agreed to sell its Thermax and Raydex military/aerospace cable businesses to Carlisle for $265M. In tandem with the sale, the company is announcing a $200M stock buyback program. Belden had a market cap of $1.6B as of yesterday's close. (PR)