Science & Technology
Science and Technology
Science and Technology
Wed, November 3, 2010
Tue, November 2, 2010 The Briscoe Law Firm Investigates CommScope, Inc. for Shareholders Concerning the Acquisition by The Carlyle Group
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of CommScope, Inc. (aCompanya or aCTVa) (NYSE: CTV) related to the proposed acquisition of the Company by The Carlyle Group.
Under the terms of the definitive merger agreement, which is valued at approximately $3.9 billion, CommScope shareholders will receive $31.50 in cash per share. However, as recently as April 2010, the Companya™s share price was trading as high as $34.95 per share, and analysts have set target prices of as high as $36.00 per share. This investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of CTV for approving this transaction and whether CTVa™s Board of Directors acted in the shareholdersa™ best interests.
If you currently own shares of CTV and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
