Andrew, CommScope set final merger terms

NEW YORK (Reuters) - Communications equipment makers Andrew Corp ANDW.O and CommScope Inc. (CTV.N: Quote, Profile, Research, Stock Buzz) on Monday announced the final terms of their merger, which they said was due to close on December 27.

Andrew shareholders will receive, for every share, $13.50 in cash and $1.50 in CommScope common stock, the companies said.

The companies had announced in late June that CommScope will acquire all of the outstanding shares of Andrew for $15.00 per share, at least 90 percent in cash, in a deal valued at around $2.6 billion.

The companies have said the merger would help trim costs for making coaxial cable and strengthen their distribution strategy.

A flurry of mergers among large telecommunications operators over the past few years has prompted equipment vendors to follow suit in an attempt to trim expenses and offer a broader set of technologies.

(Reporting by Ritsuko Ando, editing by Phil Berlowitz)