Bel Fuse commented on the letter it received from Technitrol, increasing its offer to acquire Bel to $43.00 per share in cash, subject to certain conditions. Bel's Board of Directors believes that Technitrol's proposal, like its first proposal, significantly undervalues Bel's stock. Bel's Board expressed confidence in management's plans, including Bel's acquisition strategy. While Bel confirmed that it is engaged in the bidding stage with respect to one potential acquisition, Bel declined to provide further details, citing its confidentiality obligations.