- An affiliate of the Carlyle Group (NASDAQ:CG -1.2%) is selling another 10M shares of CommScope (COMM -0.8%).
- CommScope shares are off another 0.3% in after-hours trading. It won't receive any proceeds from the sale.
- Carlyle had sold a similar amount last month, reducing its holdings to 16.2% of CommScope stock. The new move cuts its holdings to about 19.72M shares, or about 10.2% of CommScope.
- The sole underwriter, Credit Suisse Securities, has a greenshoe option to buy up to 1.5M additional shares. The offering is expected to close next Monday.
- Shares in CommScope are up 7.2% in the month since Carlyle's late-August sale plan.