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ADC, Andrew Merge

ADC, Andrew Merge

ADC and Andrew Corp. plan to merge. Both companies are publicly held, with shares traded on NASDAW.
The companies said they plan to create “a global leader in wireline and wireless network infrastructure solutions.” The companies’ boards of directors have OK’d the deal. Shareholders and regulators must agree, a process expected to take four to six months. The deal is a stock-for-stock merger with Andrew becoming a wholly owned subsidiary of ADC.
The two companies have combined sales in the past year of $3.3 billion. The combined company would have 20,000 employees and facilities in 35 countries. The company will be based at ADC’s headquarters in Minnesota.