CommScope and Andrew Corporation  have entered into a definitive agreement, unanimously approved by their respective Boards of Directors, under which CommScope will acquire all of the outstanding shares of Andrew for $15.00 per share, at least 90 percent in cash, creating a global leader in infrastructure solutions for communications networks. The transaction, which is valued at approximately $2.6 billion, is expected to be accretive to CommScope's cash earnings per share, excluding special items, in the first full year after closing.  The $15.00 per share purchase price represents a premium of approximately 13 percent over Andrew's average closing share price for the last 30 trading days, a 21 percent premium over Andrew's average closing share price for the last 60 trading days, and a 16 percent premium over the closing price of Andrew's common stock on Tuesday, June 26, 2007, the last trading day prior to this announcement. The combined company will be a global leader in infrastructure solutions for communications networks, including structured cabling solutions for the business enterprise; broadband cable and apparatus for cable television applications; and antenna and cable products, base station subsystems, coverage and capacity systems, and network solutions for wireless applications. The combination of the companies' respective operations is expected to result in meaningful operating, cost and sales synergies, and other important benefits to shareholders, customers and employees.
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