RuggedCom weighs possible offer, hits stock high

RuggedCom Inc. (T.RCM) hit a new 52-week high of $23.52 Monday. RuggedCom Inc., a leading provider of rugged communications networking solutions designed for mission-critical applications in harsh environments, acknowledges that Belden Inc. has announced its intention to make an unsolicited all-cash offer for RuggedCom.

RuggedCom cautions its shareholders that Belden has not made a formal offer and no action is required by RuggedCom shareholders at this time. RuggedCom recommends that shareholders take no action until shareholders have received further communications from RuggedCom's Board of Directors.

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