Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets. On July 1, 2026, (the “Closing Date”), Vistance Networks, Inc., a Delaware corporation (the “Company” or “Vistance”) completed the previously announced sale of its RUCKUS reporting segment (the “Business”) to Belden Inc., a Delaware corporation (“Belden”) pursuant to the Purchase Agreement (the “Purchase Agreement”), dated as of April 29, 2026.…
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Item 2.01Item 2.01 - Completion of Acquisition
Item 2.01. Completion of Acquisition or Disposition of Assets.
On July 1, 2026, (the “Closing Date”), Vistance Networks, Inc., a Delaware corporation (the “Company” or “Vistance”) completed the previously announced sale of its RUCKUS reporting segment (the “Business”) to Belden Inc., a Delaware corporation (“Belden”) pursuant to the Purchase Agreement (the “Purchase Agreement”), dated as of April 29, 2026. Pursuant to the Purchase Agreement, Belden acquired the Business on a cash-free, debt-free basis, in exchange for $1.846 billion in cash, subject to certain adjustments.
A description of the Purchase Agreement was set forth in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 5, 2026 (the “Prior 8-K”), but such description does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, which was attached as Exhibit 2.1 to the Prior 8-K.