Siemens to buy RuggedCom for $382-million

Financial Post Monday 30th January, 2012

Siemens Canada Ltd. has reached a friendly takeover deal worth about $382-million with Canada’s RuggedCom Inc., it said Monday. Siemens’ agreement to pay $33 cash per common share bests a hostile bid by Belden Inc. to acquire the smart grid technology maker for $22 per share or $280-million. Earlier in the month Concord, Ont.-based Ru...

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