Carlyle Group Buys CommScope For $31.50 A Share
Carlyle Group of Washington, D.C., completed the acquisition of CommScope Inc. CommScope shareholders will $31.50 for each share held in the maker of communication cables. Marvin S. "Eddie" Edwards Jr., CommScope's president and chief operating officer, was named president and CEO. He was also named to the board of CommScope. Edwards succeeds Frank M. Drendel, who served as CEO since he founded the company in 1976. Drendel also remains chairman.
ByEamon
14 January 2011•4 mins read
