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Andrew Rejects Commscope Takeover; Cancels ADC Merger

Submit on Monday, August 14th, 2006 11:00

Andrew Corp. and ADC Telecommunications Inc. agreed to terminate their May merger agreement, and Andrew’s board also rejected an unsolicited takeover proposal from Commscope Inc., Andrew announced Aug. 9. Andrew will pay ADC $10 million to end the merger agreement and would pay another $65 million in the…

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