Andrew rejects unsolicited acquisition proposal from CommScope for $9.50 per share in cash as inadequate

August 10, 2006

1 Min Read

WESTCHESTER, Ill. -- The board of directors of Andrew Corporation, a global leader in communications systems and products, has voted unanimously to reject the unsolicited proposal from CommScope, Inc. to acquire Andrew for $9.50 per share in cash. After a thorough review, the board, in consultation with its advisors, concluded that CommScope's proposal is wholly inadequate and not in the best interests of its shareholders.

"The board carefully reviewed and considered CommScope's proposal and found it does not adequately reflect the value of Andrew, its business prospects, and its industry-leading products, global customer base, and skilled global workforce," said Ralph Faison, president and chief executive officer, Andrew Corporation.

"Andrew's industry-leading product portfolio and globally diversified customer base provide the company with a unique ability to meet the long-term global demand trends for wireless infrastructure. Andrew remains in a strong position to offer industry-leading support to operators, OEMs, and other communications providers around the world. As evidenced by our record sales and orders in our fiscal third quarter, we are growing share and improving operations through innovative products and the hard work of our global team. Our management team and employees are committed to delivering results and capitalizing on business opportunities that will drive future operational and financial improvements. We are confident in the outlook for our future."

Andrew

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