CommScope Closes Pact to Divest Andes Business Interest
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[May 06, 2008]

CommScope Closes Pact to Divest Andes Business Interest

(Wireless News Via Acquire Media NewsEdge)
CommScope, a provider of infrastructure solutions for communications
networks, has completed the previously announced divestiture of its
minority interest in Andes Industries.

Pursuant to the agreement approved by the US Department of Justice,
CommScope has transferred its equity and other financial interests in
Andes and its affiliates, as well as certain other related assets, to
Andes, and each of the parties has released all claims against each
other, including claims relating to prior transactions between Andrew
Corp. and Andes.

Andes also will make payments of up to $16 million to CommScope, but
only upon the occurrence of certain extraordinary events, such as the
sale of Andes to a third party, during a two-year period following the
completion of the agreement.



The divestiture complies with terms of the settlement agreement among
CommScope, Andrew and the DOJ that allowed CommScope to complete its
acquisition of Andrew in December 2007.

((Comments on this story may be sent to newsdesk@closeupmedia.com))


((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))

Copyright ? 2008 Wireless News

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