Belden shares surge on Tripwire acquisition
Shares of Belden Inc.(BDC) rallied on Wednesday after the cable and telecom networking products maker said it would greatly expand its cyber security capabilities with the $710 million purchase of Thoma Bravo-portfolio company Tripwire Inc.
Belden stock gained $3.73, or 4.98%, closing at $78.65 on Wednesday.
With the attacks on Sony Corp., Target Corp. (TGT) and Bank of America Corp.(BAC), network security has become front-page news. With the acquisition of Tripwire, CEO John Stroup ...