CommScope enters $3.9bn merger with The Carlyle Group

CommScope, an infrastructure solutions provider for communications networks, has entered into a definitive merger agreement with global alternative asset manager The Carlyle Group in a transaction valued at approximately $3.9bn (£2.4bn) that will result in CommScope becoming a private company.

The transaction is expected to close in the first quarter of 2011.

Under the terms of the merger agreement, Carlyle will acquire all of the outstanding shares of CommScope common stock for $31.50 per share in cash.

This represents a premium of approximately 36 per cent over CommScope’s closing stock price on 22 October 2010, the last trading day prior to its announcement of a potential transaction between the parties.