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The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of CommScop

^{Published on 2010-10-29 10:50:54 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of CommScope, Inc. (NYSE: CTV) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to The Carlyle Group (aCarlylea). Under the terms of the transaction, CommScope shareholders will receive $31.50 in cash for each CommScope common share for a total transaction value of approximately $3.9 billion.

The investigation concerns whether the CommScope Board of Directors breached their fiduciary duties to CommScope stockholders by failing to adequately shop the Company before entering into this transaction and whether Carlyle is underpaying for CommScope shares, thus unlawfully harming CommScope stockholders. CommScope stock has traded as high as $34.95 per share as recently as April 30, 2010 and at least one analyst set a price target for CommScope common stock at $36.00 per share.

If you own common stock in CommScope and wish to obtain additional information, please contact Abe Shainberg, Esq. directly, via email at [ as@ashainberglaw.com ], by telephone at 212.425.7268, or visit [ http://www.ashainberglaw.com/commscope-ctv.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.

CONTACT:
Abe Shainberg, Esq.
132 East 43rd Street, Suite 512
New York, NY 10017
Tel: (212) 425-7286
Fax: (866) 699.3880
Email: [ as@ashainberglaw.com ]