DALLAS -- Kendall Law Group is investigating CommScope, Inc. for shareholders in connection with the proposed acquisition by The Carlyle Group. The national securities firm'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.
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 day'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, Kendall Law Group believes the transaction significantly undervalues the company.
Kendall Law Group was founded by a former federal judge, Joe Kendall, and 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.
CommScope shareholders who would like additional information about their rights may contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
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