Vistance Networks Board Approves Special Distribution
The Company will fund the payment of the distribution with cash on hand including cash proceeds received in connection with the sale of its Connectivity and Cable Solutions business to Amphenol Corporation on
Given the current volatility in the debt markets, the Company used only cash on hand for the dividend rather than adding leverage to the remaining business.
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This press release includes forward-looking statements that are based on information currently available to management, management’s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.
Source:
View source version on businesswire.com: https://www.businesswire.com/news/home/20260407899167/en/
Financial Contact:
Jenny.Thompson@vistancenetworks.com
Source: