Carlyle buys CommScope

first_img Tags: NULL Show Comments ▼ PRIVATE equity firm Carlyle Group clinched a $2.9bn (£1.8bn) deal to buy communications cable maker CommScope, and analysts see little likelihood of rival bids emerging.Carlyle, which has a checkered history on telecoms deals, is offering $31.50 a share in cash, a premium of 36 per cent to CommScope’s closing price on Friday.CommScope has a “go-shop” period until 5 December, during which rival bidders can submit offers.“We believe this scenario is unlikely given the absence of any bids thus far, the speed by which this agreement has been reached, and the $43m break-up fee CTV would be obligated to pay if the deal were not executed,” KeyBanc analyst Anthony Kure said in a research note. Wednesday 27 October 2010 8:23 pm Share KCS-content Carlyle buys CommScope whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapplast_img read more