Amphenol nears $10.5 billion deal for CommScope’s CCS unit
Amphenol is set to acquire CommScope's CCS business for $10.5 billion, per WSJ. The broadband unit makes up 65% of CommScope's revenue and grew 20% YoY in Q1. The deal, expected Monday, will help reduce CommScope's $7.25 billion debt and boost Amphenol's AI-fueled data center offerings. Retail sentiment on $COMM turned 'extremely bullish'.