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Product category: Antennas and Feeders
News Release from: Andrew Corp
Edited by the Electronicstalk Editorial Team on 11 August 2006
Board rebuffs acquisition attempt
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The board of directors of Andrew Corporation has voted unanimously to reject an unsolicited proposal from CommScope to acquire Andrew for $9.50 per share in cash.
The board of directors of Andrew Corporation, a global leader in communications systems and products, has voted unanimously to reject the unsolicited proposal from CommScope, to acquire Andrew for $9.50 per share in cash After a thorough review, the board, in consultation with its advisors, concluded that CommScope's proposal is wholly inadequate and not in the best interests of its shareholders