Levi & Korsinsky is now investigating the Board of Directors of CommScope, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to The Carlyle Group.
New York, NY, October 28, 2010 — Levi & Korsinsky is investigating the Board of Directors of CommScope, Inc. (“CommScope” or the “Company”) (NYSE: CTV) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to The Carlyle Group (“Carlyle”). Under the terms of the transaction, CommScope shareholders will receive $31.50 in cash for each CommScope common share for a total transaction value of approximately $3.9 billion.
Click here to learn how to join the action: http://www.zlk.com/commscope-ctv.html, or call: 877-363-5972.
The investigation concerns whether the CommScope Board of Directors breached their fiduciary duties to CommScope stockholders by failing to adequately shop the Company before entering into this transaction and whether Carlyle is underpaying for CommScope shares, thus unlawfully harming CommScope stockholders. In particular, at least one analyst set a price target for CommScope common stock at $36.00 per share and CommScope stock has traded as high as $32.68 per share as recently as May 3, 2010.
If you own common stock in CommScope and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/commscope-ctv.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street – 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
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Contact:
Jared Morine
Levi & Korsinsky, LLP
New York, NY
212-363-7500
[email protected]
