ADC acquires Andrew
NetworkWorld.com, 06/02/06
ADC this week said it will acquire Andrew Corp. in a $2 billion stock deal.
The combined company will meld ADC's wireline products with Andrew's wireless infrastructure portfolio to create a $3.3 billion company addressing next-generation broadband, video, data and voice opportunities. It will do business in more than 140 countries comprised of approximately 23% to wireline customers, 44% to wireless customers, 6% to enterprise customers, 24% to original equipment manufacturers and 3% to other customers.
-- Jim Duffy
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