Andrew, CommScope merger granted European approval

By Lisa Kerner

Charlotte, N.C., Dec. 4 - The European Commission granted clearance for the proposed acquisition of Andrew Corp. by CommScope, Inc., concluding that "the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it."

According to a company news release, there is overlap in the two markets for the manufacture and sale of 50 Ohm and 75 Ohm coaxial cables. CommScope is active mainly in the production of 75 Ohm coaxial cables while Andrew produces almost exclusively 50 Ohm coaxial cables.

As previously reported, Andrew will hold a special meeting of shareholders to vote on the company's June 27 merger agreement with CommScope on Dec. 10. Andrew agreed to be acquired by CommScope for $15 per share in a cash and stock deal valued at an estimated $2.6 billion.

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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