Reported about 12 hours ago
CommScope Holding Co.'s shares jumped 75% following Amphenol's acquisition of its Connectivity and Cable Solutions (CCS) business for $10.5 billion in cash. This deal strengthens Amphenol's position in the IT datacom market, particularly for artificial intelligence applications. The acquisition is anticipated to generate around $3.6 billion in sales and enhance earnings per share in its first full year post-closure.
Source: YAHOO