Miranda announced that that more than 21 million of its common shares representing approximately 95% of the outstanding Miranda Shares have been deposited to the offer by Belden Inc. (“Belden”), through its wholly-owned subsidiary, Belden CDT (Canada) Inc., to acquire all of the Miranda Shares at a price of C$17.00 per Miranda Share.
As all of the conditions of the Offer have been satisfied or waived, Belden has taken up all such deposited shares. Belden has announced that payment for the deposited shares will be made on or before July 27, 2012 to Computershare Investor Services Inc., as depository under the Offer, for payment to Miranda shareholders who have validly deposited their Miranda Shares to the Offer.
As more than 90% of the outstanding Miranda Shares were deposited to the Offer, Belden has announced that it intends to acquire all of the remaining Miranda Shares not deposited to the Offer pursuant to the compulsory acquisition provisions of the Business Corporations Act (Quebec). Belden has also announced that it intends to cause the Miranda Shares to be de-listed from the Toronto Stock Exchange and to cause Miranda to cease to be a reporting issuer under applicable securities laws as soon as possible.
Miranda press release: Miranda Acknowledges Belden Takeover Offer Successful
Press Belden press release: Belden Announces Successful Completion of Bid for Miranda Technologies
Belden Press Release: Belden Enters Into a Definitive Agreement to Acquire Miranda Technologies for C$17.00 Per Share
Belden Presentation: Belden Enters Into a Definitive Agreement with Miranda Technologies
Video: Miranda CEO Discusses Purchase of Miranda by Belden
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