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Article: Andrew to Sell Satellite Communications Business

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Wireless News
Article date:
November 7, 2007
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Wireless News
11-07-2007
Andrew to Sell Satellite Communications Business

WIRELESS NEWS-November 7, 2007-Andrew to Sell Satellite Communications Business (C)2007 10Meters - http://www.10meters.com

Andrew Corp., a global leader in communications systems and products, has reached agreement for the sale of its Satellite Communications business to Resilience Capital Partners, a Cleveland, Ohio-based private equity firm.
Under the agreement, Andrew will receive up to $39 million in total potential cash consideration, in addition to an ownership stake in the new satellite communications company that Resilience will establish with the acquired Andrew assets. Andrew's ownership stake will be from ...

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