DIGI International Receives (And Rejects) $380m Buyout

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By Evan Ramstad, Star Tribune

screen-shot-2016-11-08-at-1-31-33-pm“Belden Inc. late Friday revealed a $380 million offer to buy Digi International Inc., a Minnetonka-based maker of telecommunications equipment, and said it went public after being turned down by Digi earlier this week.

Belden, a St. Louis-based firm that also makes telecom equipment, said the product portfolios of the firms meshed with each other and noted that the companies have collaborated together in the past.”

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