CommScope Entered Into Winning Bid Of $45.1M To Purchase Cable Business Assets Through Auction Process
Portfolio Pulse from Benzinga Newsdesk
CommScope has entered into a winning bid of $45.1 million to purchase cable business assets through an auction process. The sale is expected to be completed on June 6, 2024.
May 30, 2024 | 1:06 pm
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CommScope has successfully bid $45.1 million to acquire cable business assets through an auction. The transaction is expected to close on June 6, 2024.
The acquisition of cable business assets for $45.1 million is a significant move for CommScope, likely to enhance its market position and operational capabilities. The completion date of June 6, 2024, provides a clear timeline for investors.
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