TCLRY - From Business Division To Boardroom: CommScope's New Stakes And Role In France's Vantiva Post-Major Deal | Benzinga
Vantiva SA (OTC: TCLRY) has entered into a call option agreement to acquire CommScope Holding Company, Inc.'s (NASDAQ: COMM) Home Networks division.
In return, CommScope will receive a 25% ownership stake in Vantiva.
Under the terms of the transaction, CommScope would also get a maximum cumulative earnout of $100 million in cash contingent upon Vantiva (at constant scope) achieving an EBITDA equal to or exceeding €400 million in ...