Belden to Buy Ruckus From Vistance Networks for About $1.85b (1)

(Updates with details throughout.)

Belden plans to acquire Ruckus networks from Vistance Networks for about $1.85 billion, expanding its IT/OT networking solutions.

• Deal approved by both company boards and expected to close in 2H
• Belden has fully committed debt financing from JPMorgan
• Belden sees net leverage to decline below 3x within the first year after close and reach long-term target of about 1.5x by 2029
  • Belden to temporarily pause buybacks until leverage returns closer to target
• Vistance sees net proceeds of about $1.7 billion
• Vistance to distribute a significant portion of the excess cash to holders as a special distribution ...