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Kendall Law Group Investigates CommScope, Inc. Acquisition for Shareholders

^{Published on 2010-10-28 10:05:52 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating CommScope, Inc. (NYSE: CTV) for shareholders in connection with the proposed acquisition by The Carlyle Group. The national securities firma™s investigation seeks to determine whether CommScope and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a CommScope shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On October 27, 2010, the companies announced the definitive merger agreement under which CommScope would be acquired by The Carlyle Group, in a transaction valued at approximately $3.9 billion. Under the terms of the agreement, CommScope stockholders will receive $31.50 in cash for each share of CommScope/CTV common stock held representing an approximately 4% premium over the prior daya™s closing price. In addition, according to Thompson/First Call, at least one analyst has set a price target of $36.00 per share for CommScope stock. Due to these factors, the firm believes the transaction significantly undervalues the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.