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7701 Forsyth Boulevard
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Phone: 314.854.8000 |
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Suite 800
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Fax: 314.854.8003 |
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St. Louis, Missouri 63105
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www.Belden.com |
News Release
Exhibit 99.1
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From:
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Belden |
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Dee Johnson
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314.854.8054 |
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For Immediate Release May 24, 2007
BELDEN MAKES ITS NAME CHANGE OFFICIAL
REGULAR DIVIDEND IS DECLARED
St. Louis, Missouri Belden (NYSE:BDC) today announced that it has changed
its corporate name to Belden Inc. The Company had been known as Belden CDT
Inc. since the 2004 merger involving Belden Inc. and Cable Design Technologies
Corporation. The Companys ticker symbol will remain BDC.
John Stroup, President and Chief Executive Officer, said, I am delighted we
are now making the name change official. Belden is both a strong product brand
and a powerful, well-recognized corporate identity. The new Belden branding
that we launched in 2006, with the associated tagline Sending All the Right
SignalsTM, signifies a change in our business focus: from cable
to signal transmission solutions. A solutions approach brings more value to
our customers and more opportunity for us as a company. It gives us more
control over our destiny and challenges us to think more broadly about our
markets.
The name change took place today through a transaction that merged a wholly
owned subsidiary into the parent company, an action which under Delaware law
permits the parent company to change its name. Beldens Board of Directors
today approved the action, and the Company filed the necessary certificate
today in Delaware.
The Board also declared a regular dividend of five cents per share payable on
July 5, 2007, to all shareholders of record as of June 8, 2007.
About Belden
Belden is a leader in the design, manufacture, and marketing of signal
transmission solutions for data networking and a wide range of specialty
electronics markets including entertainment, industrial, security and
aerospace applications. To obtain additional information contact Investor
Relations at 314-854-8054, or visit our website at
www.belden.com.