Businessweek

Belden%20Inc.%20%28NYSE%3ABDC%29%20acquired%20John%20Mezzalingua%20Associates%2C%20Inc.%20and%20SKT%20International%20Holdings%20B.V.%20from%20N.%20Mezzalingua%2C%20related%20trusts%20of%20Daniel%20N.%20Mezzalingua%20and%20his%20family%20members%20for%20approximately%20%24520%20million%20on%20December%2010%2C%202012.%20The%20purchase%20price%20is%20subject%20to%20certain%20adjustments%20based%20upon%20final%20working%20capital%20amounts.%20PPC%20reported%20revenues%20of%20approximately%20%24238%20million%20for%202012.%20In%20connection%20with%20the%20acquisition%2C%20Belden%20deposited%20with%20an%20escrow%20agent%20%2454.5%20million.%20JM%20Representatives%2C%20LLC%20was%20appointed%20as%20seller%u2019s%20representative.%20The%20purchase%20price%20was%20funded%20through%20a%20combination%20of%20cash%20on%20hand%20at%20Belden%20and%20a%20draw%20in%20the%20amount%20of%20%24375%20million%20on%20Belden%u2019s%20existing%20revolving%20credit%20facility%20with%20JPMorgan%20Chase%20Bank%2C%20N.A.%20Daniel%20N.%20Mezzalingua%20and%20John%20Mezzalingua%2C%20principals%20of%20PPC%20and%20SKT%2C%20have%20entered%20into%20noncompetition%20agreements%20with%20Belden.%20The%20transaction%20is%20expected%20to%20be%20accretive%20to%20Belden%u2019s%20consolidated%20operating%20results%20and%20adjusted%20earnings%20per%20share%20by%20%240.54%20in%202013.%0D%0A%0D%0AMorgan%20Keegan%20%26%20Co.%2C%20Inc%20and%20Frank%20A.%20McGrew%20IV%20and%20Michael%20Stockburger%20of%20Raymond%20James%20acted%20as%20financial%20advisors%20to%20Mezzalingua%2C%20related%20trusts%20of%20Daniel%20N.%20Mezzalingua%20and%20his%20family%20members.%20John%20C.%20Bodnar%20of%20Lewis%2C%20Rice%20%26%20Fingersh%2C%20L.C.%20acted%20as%20legal%20advisor%20to%20Belden.%20Alan%20F.%20Zoccolillo%20of%20Baker%20%26%20McKenzie%20LLP%20acted%20as%20legal%20advisor%20to%20John%20Mezzalingua%20Associates%20and%20JM%20Representatives%2C%20LLC%2C%20the%20seller%u2019s%20representative.

The%20Board%20of%20Directors%20of%20Belden%20Inc.%20%28NYSE%3ABDC%29%20authorized%20a%20share%20repurchase%20program%20on%20November%2029%2C%202012.%20Under%20the%20program%2C%20Belden%20will%20repurchase%20up%20to%20%24200%20million%20worth%20of%20its%20shares%2C%20through%20open%20market%20purchases%2C%20negotiated%20transactions%2C%20or%20other%20means.%20The%20repurchases%20will%20be%20funded%20by%20cash%20on%20hand%2C%20proceeds%20from%20divestitures%20and%20free%20cash%20flow.%20The%20repurchases%20will%20be%20in%20accordance%20with%20applicable%20securities%20laws%20and%20other%20restrictions.%20The%20company%u2019s%20strong%20balance%20sheet%2C%20liquidity%20position%20and%20ability%20to%20generate%20significant%20free%20cash%20flow%20provide%20Belden%20with%20an%20opportunity%20to%20purchase%20shares%20at%20attractive%20prices.%20Till%20December%2031%2C%202012%2C%20Belden%20has%20made%20no%20repurchases.%20As%20of%20March%2031%2C%202013%2C%20the%20%20company%20has%20repurchased%20612%2C982%20shares%20for%20%2431.25%20million.

Tensolite%20LLC%20signed%20a%20definitive%20agreement%20to%20acquire%20Thermax%20Inc.%20and%20Raydex/CDT%20Limited%20from%20Belden%20Inc.%20%28NYSE%3ABDC%29%20for%20combined%20enterprise%20value%20of%20approximately%20%24270%20million%20on%20November%2029%2C%202012.%20Thermax-Raydex%20business%20reported%20annual%20sales%20of%20approximately%20%24112%20million%20in%202011.%20The%20transaction%20is%20subject%20to%20customary%20closing%20conditions%2C%20including%20Hart-Scott-Rodino%20Antitrust%20Improvements%20Act%20and%20regulatory%20clearance%2C%20and%20is%20expected%20to%20close%20by%20December%2031%2C%202012.%20The%20acquisition%20is%20expected%20to%20be%20accretive%20to%20Carlisle%20in%20the%20first%20year.%20Macquarie%20acted%20as%20exclusive%20financial%20adviser%20to%20Belden%2C%20Inc.%20Robert%20A.%20Rosenbaum%20of%20Dorsey%20%26%20Whitney%20LLP%20acted%20as%20the%20legal%20advisor%20to%20Carlisle%20Corporation.

Tensolite%20LLC%20signed%20a%20definitive%20agreement%20to%20acquire%20Thermax%20Inc.%20and%20Raydex/CDT%20Limited%20from%20Belden%20Inc.%20%28NYSE%3ABDC%29%20for%20combined%20enterprise%20value%20of%20approximately%20%24270%20million%20on%20November%2029%2C%202012.%20Thermax-Raydex%20business%20reported%20annual%20sales%20of%20approximately%20%24112%20million%20in%202011.%20The%20transaction%20is%20subject%20to%20customary%20closing%20conditions%2C%20including%20Hart-Scott-Rodino%20Antitrust%20Improvements%20Act%20and%20regulatory%20clearance%2C%20and%20is%20expected%20to%20close%20by%20December%2031%2C%202012.%20The%20acquisition%20is%20expected%20to%20be%20accretive%20to%20Carlisle%20in%20the%20first%20year.%20Macquarie%20acted%20as%20exclusive%20financial%20adviser%20to%20Belden%2C%20Inc.%20Robert%20A.%20Rosenbaum%20of%20Dorsey%20%26%20Whitney%20LLP%20acted%20as%20the%20legal%20advisor%20to%20Carlisle%20Corporation.