May 31, 2007 -- Belden announced that it has changed its corporate name to Belden Inc. The company had been known as Belden CDT Inc. since a 2004 merger involving Belden Inc. and Cable Design Technologies Corporation. The company's ticker symbol will remain BDC.
According to a press release, the name change took place on May 24, 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. Belden's board of directors then approved the action, and the company filed the necessary certificate 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.
"I am delighted we are now making the name change official," commented John Stroup, president and CEO of Belden. "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 Signals,' 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."
