Bel Closes on Acquisition of CUI Inc. Power Assets
Bel Fuse Inc. - Class A (BELFA)
US:NASDAQ Investor Relations:
ir.belfuse.com/investor-relations
Company Research
Source: GlobeNewswire
JERSEY CITY, N.J., Dec. 03, 2019 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company has closed on its previously-announced asset purchase agreement (the “Agreement”) with CUI Global Inc. (Nasdaq:CUI) related to the purchase of the majority of the power business of CUI Inc. The acquired business had trailing twelve-month sales of approximately $37 million and is expected to be accretive to Bel’s consolidated net earnings by the second quarter of 2020. Gross margins (unaudited) are higher than Bel’s historical range, and the combination is expected to yield annual cost synergies of approximately $500,000. Bel will continue to operate the business from CUI Inc.’s leased ISO 9001:2015-certified facility in Tualatin, Oregon. Transaction BenefitsThe well-known CUI Inc. power brand will join Bel Power Solutions as leading power
Show less
Read more
Impact Snapshot
Event Time:
BELFA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BELFA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BELFA alerts
High impacting Bel Fuse Inc. - Class A news events
Weekly update
A roundup of the hottest topics
BELFA
News
- Bel Fuse (BELFA) Post Q3 Earnings: Buy, Sell, or Hold? [Yahoo! Finance]Yahoo! Finance
- Bel Closes Its Previously Announced Acquisition of Enercon Technologies [Yahoo! Finance]Yahoo! Finance
- Bel Closes Its Previously Announced Acquisition of Enercon TechnologiesGlobeNewswire
- Bel Fuse Announces Upcoming Investor Conference Schedule for November 2024GlobeNewswire
- Bel Fuse's (NASDAQ:BELF.A) Soft Earnings Are Actually Better Than They Appear [Yahoo! Finance]Yahoo! Finance
BELFA
Sec Filings
- 11/20/24 - Form 8-K
- 11/20/24 - Form 144
- 11/15/24 - Form SC
- BELFA's page on the SEC website