European Commission Issues Clearance for CommScope's Acquisition of Andrew
December 04 2007 - 9:30AM
PR Newswire (US)
HICKORY, N.C., Dec. 4 /PRNewswire-FirstCall/ -- The European
Commission today issued an unconditional clearance for the
acquisition of Andrew Corporation (NASDAQ:ANDW) by CommScope, Inc.
(NYSE:CTV). The European Commission's decision, which included its
rationale, is welcomed and was expected by the parties. The
European Commission's decision was made within the standard
statutory review period. About CommScope CommScope, Inc.
(NYSE:CTVNYSE:-NYSE:www.commscope.com) is a world leader in
infrastructure solutions for communication networks. Through its
SYSTIMAX(R) Solutions(TM) and Uniprise(R) Solutions brands
CommScope is the global leader in structured cabling systems for
business enterprise applications. It is also the world's largest
manufacturer of coaxial cable for Hybrid Fiber Coaxial applications
and one of the leading North American providers of environmentally
secure cabinets for DSL and FTTN applications. Backed by strong
research and development, CommScope combines technical expertise
and proprietary technology with global manufacturing capability to
provide customers with high-performance wired or wireless cabling
solutions. Forward-Looking Statements This press release includes
forward-looking statements that are based on information currently
available to management, management's beliefs, as well as on a
number of assumptions concerning future events. Forward-looking
statements are not a guarantee of performance and are subject to a
number of uncertainties and other factors, which could cause the
actual results to differ materially from those currently expected.
For a more detailed description of the factors that could cause
such a difference, please see CommScope's filings with the
Securities and Exchange Commission. In providing forward-looking
statements, the company does not intend, and is not undertaking any
obligation or duty, to update these statements as a result of new
information, future events or otherwise. Additional Information In
connection with the proposed merger, CommScope filed a registration
statement with the SEC on Form S-4 (File No. 333-145398) containing
a proxy statement/prospectus and CommScope and Andrew mailed a
definitive proxy statement/prospectus to Andrew's stockholders
containing information about the merger. INVESTORS AND SECURITY
HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY
STATEMENT/PROSPECTUS CAREFULLY. The registration statement and the
proxy statement/prospectus contain important information about
CommScope, Andrew, the merger, and related matters. Investors and
security holders may obtain free copies of these documents through
the web site maintained by the SEC at http://www.sec.gov/. In
addition to the registration statement and the proxy
statement/prospectus, CommScope and Andrew file annual, quarterly,
and special reports, proxy statements, and other information with
the SEC. Printed copies of these documents can also be obtained
free of charge (other than a reasonable duplicating charge for
exhibits to our reports on Form 10-K, Form 10-Q and Form 8-K) by
any stockholder who requests them from either CommScope's or
Andrew's Investor Relations Department: Investor Relations
CommScope, Inc. 1100 CommScope Place, SE P.O. Box 339 Hickory,
North Carolina 28602 U.S.A. Phone: 1-828-324-2200 Fax:
1-828-982-1708 E-mail: Investor Relations Andrew Corporation 3
Westbrook Corporate Center Suite 900 Westchester, Illinois 60154
U.S.A. Phone: 1-800-232-6767 or 1-708-236-6616 Fax: 1-708-492-3774
E-mail: CommScope, Andrew and their respective directors and
executive officers and other members of management and employees
may be deemed to be participants in the solicitation of proxies
from Andrew stockholders in connection with the proposed
transaction. Information about CommScope's directors and executive
officers and their ownership of CommScope common stock is set forth
in the definitive proxy statement for CommScope's 2007 annual
meeting of stockholders, as filed by CommScope with the SEC on
Schedule 14A on March 16, 2007. Information about Andrew's
directors and executive officers and their ownership of Andrew
common stock is set forth in the definitive proxy statement for
Andrew's 2007 annual meeting of stockholders, as filed by Andrew
with the SEC on Schedule 14A on December 29, 2006. Other
information regarding the participants in the proxy solicitation is
contained in the proxy statement/prospectus and other relevant
materials filed with the SEC when they become available.
DATASOURCE: CommScope, Inc. CONTACT: Investor Relations, CommScope,
Inc., +1-828-324-2200, Fax: +1-828-982-1708, ; Investor Relations,
Andrew Corporation, +1-800-232-6767 or +1-708-236-6616, Fax:
+1-708-492-3774, Web site: http://www.commscope.com/
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