Who owns CommScope?

CommScope Holding Company, Inc. COMM has significantly strengthened its portfolio by acquiring Casa Systems' Cable Business assets. Under a court-supervised Chapter 11 process, Casa Systems selected CommScope as the highest and best bidder, finalizing a $45.1 million purchase agreement on May 29, 2024.

When will CommScope buy CASA systems?

Under a court-supervised Chapter 11 process, Casa Systems selected CommScope as the highest and best bidder, finalizing a $45.1 million purchase agreement on May 29, 2024. The deal, conducted under section 363 of the Bankruptcy Code, is scheduled for a sale hearing on Jun 4, with the transaction expected to close by Jun 6.

Which North Carolina companies missed the CommScope cut?

Several local companies just missed the cut. In addition to CommScope, that includes: Fort Mill-based Domtar at No. 502, Davidson-based Ingersoll Rand at No. 514 and Charlotte-based Coca-Cola Consolidated Inc. (NASDAQ: COKE) at No. 532. There are 12 companies in North Carolina that appear in the Fortune 500 ranking.