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Department of Justice Gives OK for Andrew Corp to Be Acquired 12/10/07 - CommScope, Inc. (NYSE: CTV) announced that it has reached an agreement with the U.S. Department of Justice that will allow it to complete its proposed acquisition of Andrew Corporation (Nasdaq: ANDW ). Under the terms of the agreement with the DOJ, which was filed today in the U.S. District Court for the District of Columbia, the companies will be required to divest certain non-core assets, including Andrew's non-controlling minority interest in Andes Industries, Inc., a supplier of last-mile products for broadband communications networks, and other related assets. The carrying value of the assets to be divested was less than $25 million as of September 30, 2007. It is expected that the divestitures will be completed after CommScope completes the acquisition of Andrew. This agreement is subject to the Court's approval. In addition to the DOJ, the proposed Andrew transaction was cleared by the European Commission as well as other required regulatory authorities. The Andrew stockholders will vote on the transaction on December 10, 2007. CommScope expects to close the transaction by year end, subject to the satisfaction of other customary conditions.
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