Digi International Inc. (DGII) said it received an unsolicited, conditional and non-binding proposal from Belden Inc. (BDC) to acquire the company for $13.82 per share in cash. The Digi Board unanimously rejected the proposal on November 8 and again on November 11, 2016.
The Digi Board said it is confident that the continued successful execution of the company's strategy will capture significant opportunity and deliver enhanced value for the shareholders.
For comments and feedback: editorial@rttnews.com