first_img whatsapp PRIVATE equity firm Carlyle Group is in talks to buy CommScope for about $3bn (£1.9bn), the communications cable maker said. It is the latest sign of a resurgence of acquisitions by private equity firms, which are under pressure to invest billions of dollars of capital raised in the past few years.Private equity takeovers – known as leveraged buyouts – plummeted after the credit crisis limited access to debt financing. But the financing markets have since improved enough for large deals to be struck again. In July, Carlyle announced a $3.8bn deal to buy US nutritional supplements maker NBTY.Under the terms of a what CommScope called a “potential agreement,” Carlyle would buy CommScope for $31.50 per share in cash, a premium of 36 per cent to the shares’ Friday’s closing price, CommScope said.“We consider a deal price of $31.50 fair,” UBS analysts said in a research note. But they added that their “own internal analysis had produced scenarios with a potential take-out value 5-10 per cent higher.”The UBS analysts said they did not foresee any rival telecommunications companies or other logical strategic buyers emerging to counter Carlyle’s bid.Corning, and possibly 3M and Huawei, would be the most likely strategic buyers that would consider a deal, the analysts said. But “we believe either price, size of deal, cultural and regulatory hurdles, would make it difficult to consummate any deal,” they wrote.The deal values CommScope at $2.98bn, based on 94.72m shares outstanding as of 21 July. Carlyle in $3bn bid to buy CommScope Monday 25 October 2010 7:29 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Tags: NULL Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For whatsapp Show Comments ▼ KCS-content last_img

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