CommScope stockholders approve Carlyle Group merger

JANUARY 3, 2011 By Stephen Hardy -- The stockholders of CommScope Inc. (NYSE: CTV) overwhelmingly approved the company’s proposed merger with an affiliate of The Carlyle Group. The stockholders granted the approval at a special meeting held December 30.

Jan 3rd, 2010

JANUARY 3, 2011 By Stephen Hardy -- The stockholders of CommScope Inc. (NYSE: CTV) overwhelmingly approved the company’s proposed merger with an affiliate of The Carlyle Group. The stockholders granted the approval at a special meeting held December 30.

Nearly 99% of the voting shares, representing approximately 74% of CommScope’s total outstanding shares of common stock as of the December 3, 2010, backed the agreement.

Commscope announced the merger agreement on October 27, 2010 (see “Carlyle Group to take CommScope private”). The company’s stockholders will receive $31.50 in cash for each share of CommScope common stock upon completion of the deal, which is expected to take place during the first quarter of this year. Additional closing conditions must be met and regulatory approvals attained before that time.

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