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Andrew Corp. sets meeting date to vote on merger with CommScope
By Lisa Kerner
Charlotte, N.C., Nov. 9 - Andrew Corp. will hold a special meeting of shareholders to approve the company's merger with CommScope, Inc. at 3 p.m. ET on Dec. 10, according to a form 424B3 filing with the Securities and Exchange Commission.
As previously reported, Andrew agreed to be acquired by CommScope for $15.00 per share in a cash and stock deal valued at an estimated $2.6 billion.
Under the June 27 merger agreement, each share of Andrew common stock will be converted into $15.00, consisting of $13.50 in cash plus an additional $1.50 in cash, CommScope common stock or a combination of cash and stock, at CommScope's option.
Andrew will become a wholly owned subsidiary of CommScope while retaining its Chicago-area presence.
CommScope, located in Hickory, N.C., provides infrastructure solutions for communication networks.
Andrew, based in Westchester, Ill., manufacturers and delivers solutions for the communications infrastructure market.
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