Wednesday, June 27, 2007

CommScope to acquire Andrew Corp. for $2.6 billion

(Reuters) - The latest $15-a-share offer also represents a 16 percent premium over Andrew's closing share price on Tuesday. At least 90 percent of it will be paid in cash, the companies said in a statement.




The move comes amid a wave of mergers in the telecommunications industry, among service providers and their equipment vendors.


Read more at Reuters.com Business News

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