CommScope, Inc. (NYSE: CTV), the world leader in coaxial cable, today
announced that a secondary public offering of approximately 7 million
shares of the company's common stock has been priced at $13.50 per share.
The shares are being sold by partnerships affiliated with Forstmann
Little & Co and their transferees. Additionally, the company granted the
underwriters an option to purchase up to approximately 1 million shares
to cover over-allotments.
Merrill Lynch & Co., Goldman, Sachs & Co. and CIBC Oppenheimer were the
underwriters for this offering.
Founded in 1978, Forstmann Little is a private investment firm that has
invested over $13 billion in 23 acquisitions, including Gulfstream
Aerospace, General Instrument, Ziff-Davis Publishing and Community
Health Systems. The firm currently has approximately $4 billion in
committed capital for future investments.
CommScope is the world's largest manufacturer of coaxial cable and is a
leading supplier of high-performance cables for LAN and other
Copies of the prospectus may be obtained from Merrill Lynch & Co., World
Financial Center, 250 Vesey Street, New York, New York 10281.
Visit CommScope at our web site -- www.commscope.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding CommScope's
business which are not historical facts are "forward-looking statements"
that involve risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in the
Company's Annual Report or Form 10-K for the most recently ended fiscal