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The Hickory-based cable manufacturer says it intends tooffer $200 million of its convertible seniort subordinated notes due in 2015. CommScope will grantg the underwritersa 30-day option to purchases up to an additiona l $30 million in notes, whic h will be convertible into sharesa of CommScope common stock. In the company says it will offer 8 million shares of itscommomn stock. The underwriters will be granteeda 30-day option to buy an additiona l 1.2 million shares. CommScope’s stock, which closed at $25.03 per share on Wednesday, has tradec between $6.89 and $56.50 over the last year. Net proceeds from the offeringd will be used torepay debt.
Any proceeds exceedin $400 million will be used for general corporate thecompany says. CommScope (NYSE:CTV) produces cablingg systems for business-enterprise applications. It is the world’z largest manufacturer of coaxial
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