Miranda okays U.S. takeover bid

MONTREAL – Broadcast equipment company Miranda Technologies has agreed to a takeover bid by its U.S. competitor Belden Inc. Belden offered $17 per share cash for the Montreal-based company in an offer valued at approximately $370 million. Miranda said that the offer comes as a result of a strategic review process initiated by its board of directors in March designed to “review opportunities to further enhance value and build on the corporation’s momentum”. “This is an attractive opportunity for Miranda shareholders to realize a significant premium for their shares in an all cash deal”, said Miranda president and CEO Strath...