CommScope (NASDAQ: COMM), a global leader in network connectivity, announced that it was selected by Casa Systems, Inc. (Casa), as the highest and best bidder to acquire Casa’s cable business assets. A purchase agreement was entered into on May 29, 2024, between CommScope and Casa Systems, Inc. after CommScope entered the winning bid of US$45,100,000 to purchase the cable business assets through an auction process under section 363 of the Bankruptcy Code. The transaction closed on June 7, 2024.
Latham & Watkins LLP represented CommScope in the transaction with a corporate team led by Washington, D.C. partners David Dantzic and Marc Granger. Advice was also provided on restructuring matters by New York partner Anupama Yerramalli; on tax matters by New York partner David Raab; on benefits and compensation matters by Washington, D.C. partner David Della Rocca; and on intellectual property matters by New York partner Jessica Cohen.
