CommScope Inc. (CVT) said its stockholders have voted to approve the proposed $3.9 billion acquisition of the company by private equity firm The Carlyle Group.
CommScope said the deal, which was originally announced in October, was approved by 99% of the shares that voted at a special meeting of stockholders representing approximately 74% of the company’s total outstanding shares.
If approved by regulators, the deal will provide CommScope stockholders with $31.50 per share, which was a 36% premium over the company’s closing stock price prior to the proposed deal.
CommScope shareholders approve $3.9B acquisition
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The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
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AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants