Belden paid $94 million for Snell Advanced Media

According to an SEC filing by Belden it paid a little over $94 million for Snell Advanced Media.
Snell Advanced Media acquired by Grass Valley
Snell Advanced Media acquired by Grass Valley

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According to an SEC filing by Belden it paid a litte more than $94 million for Snell Advanced Media. This valuation comes a week after Belden revealed its acquisition of Snell Advanced Media (SAM) to be folded into the Grass Valley brand.

The SEC filing by Belden has valued the purchase price is $75.8 million, plus assumed debt of $18.4 million, resulting in a total acquisition cost of $94.2 million. Belden's statement to the SEC has also said that it is not yet in a position to report the estimated fair value of the SAM assets, as the accounting process is still ongoing.

Belden's SEC filing stated, “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.”

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