Belden Offers $220M For Broadcast Equipment Vendor

Law360, New York (February 6, 2014, 2:58 PM EST) -- Cable maker Belden Inc. said Thursday it would pay $220 million for a fellow broadcast equipment manufacturer, private equity-backed Grass Valley, to build its existing product portfolio into one of the industry's most comprehensive.

The companies did not give a financing breakdown for the deal, which still needs approval from Grass Valley's foreign labor works council. If the proposal gets the required green lights, it will provide an exit for California investment firm Francisco Partners four years after it bought into the company.

With Grass Valley...
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