CommScope announced it had not received any alternative acquisition proposals during the 40-day "go-shop" period that followed the company's agreement to be acquired by equity firm The Carlyle Group.
Under the merger agreement struck by the two companies, CommScope had 40 calendar days to solicit better acquisition proposals than the $31.50/share agreement it struck with Carlyle. That period ended December 5.
In its announcement of the "go-shop" period expiration, CommScope said it expects to file soon with the SEC proxy materials related to a special stockholder meeting to approve the deal, which CommScope explains is technically a merger with an affiliate of Carlyle. It expects the deal to close in the first quarter of 2011.
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