Belden Makes a Bid for Miranda

Miranda Technologies (TSX:MT) has entered into an agreement with Belden (NYSE:BDC) pursuant to which Belden has agreed to offer to purchase all outstanding common shares of Miranda by way of a takeover bid at a price of $17 Canadian per share in cash.Belden has no plans for any changes to Miranda's existing operations, including the R&D and manufacturing operations located at its Montreal base, and it is not expected that there will be any significant changes to employment levels.