CommScope (NYSE:CTV), which makes communications gear and fiber-optic cable for a range of hard-wired and wireless systems, says it got stockholder approval Thursday for its acquisition by the Carlyle Group investment firm.
“Approximately 99 percent of the shares voting at today’s special meeting of stockholders voted in favor of the adoption of the merger,” the company said in a statement.
CommScope said earlier this month that Carlyle’s $3.9 billion offer was the best deal it had received despite shopping for a better offer after Carlyle’s bid.
The Carlyle Group offered $31.50 per share for CommScope on Oct. 26. They expect to close the deal in the first quarter of 2011.
MCNC selected CommScope to provide cable for part of a large NCREN expansion in North Carolina.
(Editor’s note: This story has been updated to reflect the fact that CommScope has been selected for only one portion of the MCNC project.)
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