HICKORY, N.C. – CommScope (NYSE: CTV) is moving ahead with its proposed $3.9 billion merger with The Carlyle Group after failing to receive a higher bid for the company.
The Hickory-based provider of communications infrastructure, such as cabling, said a 40-day “go-shop” period for a better offer had expired.
The Carlyle Group offered $31.50 per share for CommScope on Oct. 26. (Read the details here.)
CommScope shares closed at $31.69 on Friday.
The merger is expected to close in the first quarter.
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