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CommScope, Inc. Investor Investigation Over Potential Buyout

  • If you are a current investor in CommScope, Inc. (Public, NYSE:CTV) shares, and/or have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
CommScope, Inc.
Security
NYSE: CTV

Summary

In response to CommScopes confirmation of discussions with Carlyle Group concerning a potential buyout of CommScope at $31.50 an investigation on behalf of investors of CommScope, Inc. (NYSE:CTV) over possible breaches of fiduciary duties was announced.

The investigation by a law firm concerns whether CommScope, Inc. and certain of its officers and directors breach or breached their fiduciary duties owed to CommScope, Inc. (NYSE:CTV) investors in connection with a potential takeover with Carlyle Group.

CommScope, Inc., located in Hickory, NC, along with its subsidiaries, is a provider of infrastructure solutions for communication networks. CommScope, Inc. reported in 2007 Total Revenue of $1.93076billion, in 2008 $4.01656billion, and in 2009 $3.02486billion.In the frist two quarters 2010 CommScope, Inc. reported $721.61million, respectively $838.13million in Total Revenue. For the first quarter CommScope reported a Net Loss of $22.12million and for the second quarter 2010 CommScope could report a Net Income of $44.24million.

Shares of CommScope, Inc. (CTV) traded recently at $23.12 per share, down from its 52weekHigh of $34.95 per share, over $55 per share in June 2008, and over $60 per share in 07. But CommScope (CTV) shares traded in response to the announcement by CommScope in pre-market on Monday October 25, 2010 at $30.77 per share or up by %33.

The investigation by a law firm questions whether a potential sale process and the potential price would be unfair to the shareholders of CommScope, Inc. (NYSE:CTV).

On Monday, October 25, 2010, CommScope, confirmed that it is in discussions with The Carlyle Group regarding a potential transaction that would result in CommScope becoming a private company. Under the terms of the potential agreement, Carlyle Group would acquire all of the outstanding shares of CommScope (CTV) common stock for $31.50 per share in cash.


The investigation focuses whether the CommScope, Inc. board of directors will undertake an adequate and fair sales process to obtain fair consideration for all shareholders of CommScope, Inc. (NYSE:CTVL) and will breach their fiduciary duties to CommScope (NYSE:CTV) shareholder by failing to adequately shop the Company before entering into the transaction.

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