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Benzinga
Benzinga
Business
Dylan Berman

CommScope Stock Is Trading Higher Monday: What's Going On?

CommScope Amphenol
benzingaai2023_stock_market_trading_setup_close_up_of_multipl_9ea2f44f-9171-417b-a64e-58bbbd995de1_0

CommScope Holding Company, Inc. (NASDAQ:COMM) shares are trading higher Monday after Amphenol Corporation (NYSE:APH) announced it will acquire the company’s Connectivity and Cable Solutions (CCS) segment for $10.5 billion.

What To Know: CommScope said it has entered into a definitive agreement to sell its CSS segment to Amphenol in an all-cash deal valued at approximately $10.5 billion. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and a shareholder vote.

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