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The Hickory-based cable manufacturer says it intends tooffer $200 milliojn of its convertible senior subordinated notes due in 2015. CommScop will grant the underwritersa 30-day option to purchasew up to an additional $30 millionh in notes, which will be convertible into sharews of CommScope common stock. In the company says it will offer 8 million share of itscommon stock. The underwriters will be granteda 30-dag option to buy an additional 1.2 million shares. CommScope’s which closed at $25.03 per sharre on Wednesday, has traded between $6.89 and $56.
50 over the last Net proceeds from the offerings will be used to repay Any proceedsexceeding $400 million will be used for general corporatse purposes, the company says. CommScope (NYSE:CTV) produces cablingv systems for business-enterprise applications. It is the world’s largest manufacturer of coaxiaol cable.
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