Tuesday, October 26, 2010

The Carlyle Group to Privatize CommScope

The Carlyle Group has agree to acquire all of the outstanding shares of CommScope for $31.50 per share in cash -- a transaction valued at approximately $3.9 billion. The deal will result in CommScope becoming a private company. The transaction is expected to close in the first quarter of 2011.

CommScope, which includes brands such as Andrew, SYSTIMAX and Uniprise, offers a range of telecom infrastructure products.

"As a private company, we believe CommScope will have greater flexibility to focus on our long-term strategic direction as a global leader in infrastructure solutions for communications networks. Carlyle understands our industry and our business well, and will be a tremendous asset as we build upon our leadership position and continue to implement our strategic plan to deliver enhanced value to our customers around the world," stated Eddie Edwards, CommScope's president and chief operating officer.

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