BRIEF-Bel Fuse Announces Acquisition Of Datamate

Methode Electronics, Inc. +2.27%
Bel Fuse Inc. Class A +0.67%

Methode Electronics, Inc.

MEI

5.85

+2.27%

Bel Fuse Inc. Class A

BELFA

188.10

+0.67%

March 5 (Reuters) - Bel Fuse Inc BELFA.O:

  • BEL FUSE INC. ANNOUNCES ACQUISITION OF DATAMATE, AN ADVANCED ETHERNET AND BROADBAND BUSINESS, FROM METHODE ELECTRONICS INC

  • BEL FUSE INC - BUYS DATAMATE FOR $16 MILLION INCLUDING $1 MILLION DEFERRED CONSIDERATION

  • BEL FUSE INC: DATAMATE ACQUISITION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO BEL'S FINANCIALS

Source text: ID:nGNX389FjQ

Further company coverage: BELFA.O


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