CommScope's (CTV) deal to buy Andrew (ANDW) received conditional U.S. antitrust approval from the Dept. of Justice. The combined company must sell Andrew's 30% stake in Andes Industries to prevent a duopoly from occurring in the market for coaxial cable sold to cable companies.
Tribune (TRB) shares were up 8% on news that it intends to reduce debt and a confirmation that the company believes the $34 per share buyout will close before the end of the year.
Arris (ARRS) stated that Glass Lewis and ISS, two large proxy advisory firms, had recommended that C-COR (CCBL) shareholders vote for the proposed merger of the two companies. The shareholder vote is scheduled for December 14.