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 The network infrastructure company said Monday that Carlyle Group would pay $31.50 per share in cash, a 36 percent premium over its closing price Friday. CommScope currently has 94.7 million outstanding shares, according to Thomson Reuters.
CommScope says it has yet to reach a deal and will not make further comments until it's deemed appropriate.
Carlyle invests in a wide range of industries, with about 8 percent of its holdings in consumer and retail companies. It closed on its $3.8 billion buyout of vitamin maker NBTY earlier this month.
[Associated
Press]
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