CommScope, Inc. (NYSE: CTV), the world leader in coaxial cable, today announced that a secondary public offering of approximately 7 million shares of the company's common stock has been priced at $13.50 per share.
The shares are being sold by partnerships affiliated with Forstmann Little & Co and their transferees. Additionally, the company granted the underwriters an option to purchase up to approximately 1 million shares to cover over-allotments.
Merrill Lynch & Co., Goldman, Sachs & Co. and CIBC Oppenheimer were the underwriters for this offering.
Founded in 1978, Forstmann Little is a private investment firm that has invested over $13 billion in 23 acquisitions, including Gulfstream Aerospace, General Instrument, Ziff-Davis Publishing and Community Health Systems. The firm currently has approximately $4 billion in committed capital for future investments.
CommScope is the world's largest manufacturer of coaxial cable and is a leading supplier of high-performance cables for LAN and other applications.
Copies of the prospectus may be obtained from Merrill Lynch & Co., World Financial Center, 250 Vesey Street, New York, New York 10281.
Visit CommScope at our web site -- www.commscope.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding CommScope's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
CommScope, Inc.
Phil Armstrong, Director, Investor Relations
828-323-4848
Web site: http://www.commscope.com