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CommScope Inc. (CVT) said its stockholders have voted to approve the proposed $3.9 billion acquisition of the company by private equity firm The Carlyle Group.
CommScope said the deal, which was originally announced in October, was approved by 99% of the shares that voted at a special meeting of stockholders representing approximately 74% of the company’s total outstanding shares.
If approved by regulators, the deal will provide CommScope stockholders with $31.50 per share, which was a 36% premium over the company’s closing stock price prior to the proposed deal.
