CommScope to Go Private in $3.9 Billion Deal

CommScope (www.commscope.com) entered into a definitive merger agreement with global alternative asset manager The Carlyle Group in a transaction valued at approximately $3.9 billion that will result in CommScope becoming a private company. The transaction is ex...

CommScope (www.commscope.com) entered into a definitive merger agreement with global alternative asset manager The Carlyle Group in a transaction valued at approximately $3.9 billion that will result in CommScope becoming a private company. The transaction is expected to close in the first quarter of 2011.

Under the terms of the agreement, Carlyle will acquire all of the outstanding shares of CommScope common stock for $31.50 per share in cash, a premium of approximately 36% over CommScope's closing stock price on Oct. 22. It is anticipated that CommScope's current executive management team will continue to lead the company.
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