ADC Telecom to Acquire CommTech for $185.5 Million in Stock
ADC Telecom
(ADCT)
agreed to acquire
CommTech
, a provider of order management, provisioning and activation software for communications service providers, for about $185.5 million in stock.
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The telecom equipment company said it expects to take an undisclosed charge for expenses related to the acquisition. The company expects to close the deal by the end of the month. CommTech, which is privately held, is based in Cranbury, N.J.
Shares of ADC, which is based in Minnetonka, Minn., closed at $13.38 in regular session
Nasdaq
trading, down 63 cents on the day, but rebounded slightly to $13.47 in after-hours
Island
activity.
