CommScope Stock Soars 75% as Amphenol Buys Unit for $10.5B
1. Amphenol acquired CommScope's CCS business for $10.5 billion in cash. 2. CommScope shares surged 75% following the acquisition announcement. 3. Deal enhances Amphenol's capabilities in IT datacom and AI sectors. 4. Amphenol expects $3.6 billion in sales from the CCS business. 5. CommScope shares hit a three-year high post-acquisition.