Rigrodsky & Long, P.A. Investigates CommScope, Inc. Buyout

  • Do you own CommScope, Inc. common stock?
  • Did you purchase your shares prior to October 27, 2010?
  • Do you feel The Carlyle Group's offer to take the Company private is unfair?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of CommScope, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by The Carlyle Group in a transaction valued at approximately $3.9 billion.

Click here to read the full press release.

Rigrodsky & Long, P.A. Investigates CommScope, Inc. Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of CommScope, Inc. (“CommScope” or the “Company”) (NYSE: CTV) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by The Carlyle Group (“Carlyle”) in a transaction valued at approximately $3.9 billion.

Under the proposed agreement, CommScope shareholders will receive $31.50 in cash for each outstanding share of CommScope common stock they own.

The investigation concerns whether CommScope’s board of directors failed to adequately shop the Company and obtain the best price possible for CommScope’s shareholders before entering into the agreement with Carlyle. Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $36.00 per share for CommScope stock.

As recent as October 27, 2010, CommScope announced its third quarter 2010 financial results wherein the Company reported net sales of $822 million which was a 10% increase over the same period in 2009. Frank Drendel, CommScope’s Chairman and CEO, was upbeat about the Company’s future. He commented: “While the global economy remains challenging, popular devices like smart phones and tablets have created the demand for a mobile Internet. We remain excited about our long-term growth opportunities as CommScope’s next generation of wireless, enterprise and broadband solutions help customers connect to critical data, entertainment and business services.”

If you own the common stock of CommScope and purchased your shares before October 27, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

Learn more about R&L:  Visit Our Website |  Our Firm  |  Our Practice Areas  |  FAQ's

Fill out the form below or call us toll-free at 888-969-4242, for a FREE no-obligation consultation.