Law360, New York (January 30, 2012, 2:00 PM ET) -- German engineering giant Siemens AG will acquire RuggedCom Inc., a Canadian communications and network solutions company, for $381 million in order to expand the footprint for its industrial Ethernet products in North America and the Asia-Pacific region, the companies announced Monday.
Siemens' friendly takeover bid of $33 per share tops an unsolicited $22-per-share offer that Belden Inc. had put forward for the Concord, Canada-based company in December. RuggedCom's board has unanimously backed the Siemens offer. The company had formed a special committee to evaluate the Belden...
Bennett, McCarthy Rep RuggedCom In Siemens' Takeover
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