Thursday, August 10, 2006

CommScope Drops Bid to Acquire Andrew

CommScope, which is the global leader in structured cabling systems for business enterprise applications and also the largest manufacturer of coaxial cable for Hybrid Fiber Coaxial (HFC), decided not to pursue its proposal to acquire Andrew Corporation at the present time.

http://www.commscope.com

  • A day earlier, Andrew Corporation had rejected CommScope's proposal to acquire all of Andrew's outstanding shares for $9.50 per share in cash.

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