Belden Mails Offer and Take-Over Bid Circular to Miranda Shareholders and Miranda Mails Directors' Circular Recommending Acceptance
After receiving the recommendation of its special committee, and in consultation with its financial and legal advisors, the board of directors of Miranda unanimously determined that the Offer is fair to Miranda shareholders and in the best interests of Miranda. Accordingly, the Miranda board of directors is recommending to Miranda shareholders that they accept, and tender their common shares to, the Offer.
The Offer will be open for acceptance until 8:00 p.m. (Eastern time) on July 24, 2012, unless extended, and is conditional upon, among other things, customary regulatory approvals and there having been validly deposited (and not withdrawn) at least 66⅔% of the outstanding Miranda common shares (on a fully-diluted basis).
The full details of the Offer are contained in the take-over bid circular of Belden CDT (Canada) Inc. and directors' circular of the Miranda board of directors.