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Belden to buy Miranda Technologies for $357 million

St. Louis-based cable maker Belden Inc. has agreed to buy Miranda Technologies Inc. of Canada for an all-cash offer of CA$17 per share, or about US$357 million. The acquisition will increase the percentage of Belden’s revenue from networking and connectivity products to 36 percent from 30 percent, the company said. Miranda’s board has agreed to recommend its shareholders accept the offer. Miranda, based in Montreal, Quebec, provides hardware and software for broadcast infrastructure, including solutions. Read More…