CommScope closes Andrew acquisition


As 2007 neared its close, CommScope Inc. closed on its 2.65 billion bucks acquisition of electronics equipment maker Andrew Corporation (6/28/07 RBR #126). Former Andrew shareholders received 13.50 in cash and 0.031543 shares of CommScope stock for each share of Andrew stock that they held. That fractional share, based on the recent trading price of CommScope shares, was valued at a buck-50, so the total value was 15 per share.