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Carlyle To Buy CommScope

  • Reuters, Wednesday, October 27, 2010 11:27 PM
The Carlyle Group will by communications cable maker CommScope said in a $3.9 billion deal. Carlyle will acquire all of CommScope's outstanding common shares for $31.50 each in cash, a premium of 36 percent to the stock's close Friday.

The deal is the latest sign of a resurgence of acquisitions by private equity firms, which are under pressure to invest billions of capital raised in the past few years. CommScope posted a third-quarter profit that beat market estimates and said popular devices like smartphones and tablet PCs have created demand for mobile Internet.

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