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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.

Aquila's (ILA) pending sale to Great Plains Energy (NYSE:GXP) may be danger of falling apart as Missouri's consumer advocate stated that he will ask for the proposed sale to be dismissed.

The FTC approved Nokia's (NYSE:NOK) proposed buyout of Navteq (NVT) for $8.1 billion. The deal is expected to close in the first quarter of 2007.

Arris (NASDAQ: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.

Source: December 6th Merger Arbitrage Activity