Monday, October 25, 2010

CommScope in talks for $3B buyout to go private

Several media sources including RTT News are reporting that CommScope has confirmed speculation that it is in discussion with private equity firm The Carlyle Group, concerning a deal to take the company private for approximately $3 billion. The deal being discussed is for $31.50 per share.

CommScope had sales of $3.02 billion in fiscal 2009 and is set to announce third-quarter 2010 results on November 1.

While confirming that the discussions are being held, CommScope said there is no guarantee that any deal will take place and it plans to offer no further comment until such commentary is appropriate.

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