CommScope, Inc. (NYSE:CTV), in response to media reports, today
confirmed that it is in discussions with The Carlyle Group regarding a
potential transaction that would result in CommScope becoming a private
company. Under the terms of the potential agreement, Carlyle would
acquire all of the outstanding shares of CommScope common stock for
$31.50 per share in cash.
CommScope noted that no agreement has been reached and there can be no
assurance that any transaction will result from these discussions.
CommScope does not intend to make any further comment on this matter
unless or until it is appropriate to do so.
Allen & Company LLC is serving as financial advisor and Gibson, Dunn &
Crutcher LLP is serving as legal advisor to CommScope.
Inc. (NYSE: CTV; www.commscope.com)
provides essential infrastructure that makes communication possible. We
empower people to connect and communicate seamlessly where, when, and
how they choose. Our solutions and services for wired and wireless
networks enable high-bandwidth data, video, and voice applications
everywhere—at home, at work, and on the go. Through every wave of
technology, CommScope helps the world connect and evolve. Backed by
numerous respected brands such as Andrew®,
CommScope supports customers in more than 100 countries around the world
through its focus on integrity, ethics, quality and technical innovation.
Forward Looking Statements
This press release includes forward-looking statements that are based on
information currently available to management, management's beliefs, as
well as on a number of assumptions concerning future events.
Forward-looking statements are not a guarantee of performance and are
subject to a number of uncertainties and other factors, which could
cause the actual results to differ materially from those currently
expected. For a more detailed description of the factors that could
cause such a difference, please see CommScope's filings with the
Securities and Exchange Commission. In providing forward-looking
statements, the company does not intend, and is not undertaking any
obligation or duty, to update these statements as a result of new
information, future events or otherwise.