Monday, January 3, 2011

CommScope shareholders overwhelmingly approve Carlyle merger

CommScope has reported that 99 percent of the shares voting at a special stockholder meeting held December 30 voted in favor of the adoption of the company's merger with The Carlyle Group.

That overwhelming majority represented 74 percent of CommScope's total outstanding shares of common stock as of the December 3 record date.

CommScope's prediction that its Carlyle Group merger would take place in Q1 2011 looks to be right on track.

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