Belden has confirmed in an annual report it filed today that it has acquired SAM “for a purchase price of $75.8 million, plus” an “assumed debt of $18.4 million”, which totals to $94.2m. Although the report does not mention SAM, the acquisition was made on February 8, 2018, the same day Belden announced the SAM acquisition.
The note in the filing said: “The acquisition includes a potential earn-out for which we have not yet estimated a fair value. This acquisition was funded with cash on hand.
“We are in the preliminary phase of the purchase accounting process, including obtaining third-party valuations of certain tangible and intangible assets acquired. As such, the purchase accounting process is incomplete and we cannot provide the required disclosures of the estimated fair value of the assets and liabilities acquired for this business combination.”