On Thursday, October 28 after the U.S. markets closed, the Wall Street Journal found it curious that CommScope's closing share price was $31.64, which is 14 cents higher than the price that equity firm Carlyle Group agreed to pay to take the company private.
That the closing price was more than the agreed-upon acquisition price made WSJ reporter Shira Ovide wonder if there is another bidder for CommScope. Ovide pointed out that the agreement between Carlyle and CommScope permits the cabling-systems market-share leader to hear offers from other bidders until December 5. If CommScope accepts such a bid it will owe Carlyle a $43.3 million fee, Ovide reports.
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