CommScope, Andrew merger slowed by second request

By Lisa Kerner

Charlotte, N.C., Aug. 16 - The U.S. Department of Justice requested additional information from CommScope, Inc. and Andrew Corp. in the companies' proposed merger.

As a result, the waiting period under the Hart-Scott-Rodino Act was extended until 30 days after CommScope and Andrew have substantially complied with the second requests.

Despite the delay, the companies expect the transaction to close before the end of 2007, according to a news release.

As previously reported, Andrew's board of directors approved the acquisition of the company 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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