Hickory, N.C. -- CommScope Inc. announced an acquisition
and a $10 million supply deal on the same day that Forstmann Little & Co. said it
would proceed with a delayed secondary offering of its 14.7 percent stake in the coaxial
CommScope said it has agreed to buy Texas Instruments
Inc.'s clad-wire-fabrication-equipment and technology business for an undisclosed sum,
adding that the deal will create "greater efficiencies that will benefit its
customers and shareholders."
CommScope also landed an order from Sprint PCS, the
digital-wireless-phone carrier, to supply up to $10 million worth of cable.
Meanwhile, Forstmann Little -- which shelved plans to sell
its remaining stakes in General Instrument Corp., General Semiconductor Inc. and CommScope
in September, because of market conditions -- said last Monday that it plans to sell or
distribute its 7.2 million registered CommScope shares.