Brief: Commscope Announces Plans To Sell Home Networks Business To Vantiva

Vantiva SA

03/10/2023 14:11

Oct 3 (Reuters) - CommScope Holding Company Inc
 COMM.O :
    * COMMSCOPE ANNOUNCES PLANS TO SELL HOME NETWORKS BUSINESS
TO
VANTIVA
    * COMMSCOPE -  UNDER TERMS OF TRANSACTION, WHICH IS EXPECTED
TO BE
COMPLETED IN Q4 2023, COMMSCOPE WILL RECEIVE A 25% STAKE IN
VANTIVA AT CLOSING
    * COMMSCOPE - EXPECT VANTIVA TO EXERCISE CALL OPTION UPON
COMPLETION OF CONSULTATION PERIOD
    * COMMSCOPE -  UNDER TERMS OF TRANSACTION , COMMSCOPE WILL
RECEIVE
AN EARNOUT OF UP TO $100 MILLION

Source text for Eikon:  ID:nBwbj1Wrza 
Further company coverage:  COMM.O 

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