DivestmentApr 30, 2026, 07:07 AM
VISN to Sell RUCKUS Business to Belden for $1.846B
AI Summary
Vistance Networks, Inc. announced it has entered into a definitive agreement to sell its RUCKUS Networks business to Belden Inc. for $1.846 billion in cash. The company expects net proceeds of approximately $1.7 billion after taxes and transaction expenses, with a significant portion to be distributed to shareholders as a special distribution. This divestment allows Vistance Networks to focus on its Aurora Networks business and provides financial flexibility for future investments.
Key Highlights
- Vistance Networks to sell its RUCKUS Networks business to Belden Inc.
- Transaction valued at $1.846 billion in cash.
- Expected net proceeds of approximately $1.7 billion after taxes and expenses.
- Closing anticipated in the second half of 2026, subject to regulatory approvals.
- Significant portion of excess cash to be distributed to shareholders.
- Company will focus on its Aurora Networks business.