ORLAND PARK, Ill.-Andrew Corp. has completed its merger with Allen Telecom Inc. following approvals by both companies’ stockholders at meetings held this week.
As previously announced, Allen Telecom stockholders will receive 1.775 shares of Andrew common stock for each share of Allen Telecom. Andrew Corp. expects the merger to result in an annual cost savings of at least $40 million and will release further details with its second quarter financial results July 29.
