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

What To Know: CommScope ( COMM ) said it has entered into a definitive agreement to sell its CSS segment to Amphenol ( APH ) 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.

The company anticipates net proceeds of about $10 billion after taxes and transaction expenses. CommScope ( COMM ) plans to repay all debt, redeem preferred equity held by Carlyle , and distribute excess cash to shareholders as a dividend within 60 to 90 days after the deal closes.

The company also released second quarter earnings before the market opened today. CommScope ( COMM ) reported adjusted earnings per share of 44 cents, beating the consensus estimate of 23 cents. In addition, the company reported sales of $1.39 billion, beating the consensus estimate of $1.26 billion.

CommScope ( COMM ) will host a conference call at 4:30 p.m. ET to discuss the deal and second-quarter 2025 results.

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COMM Price Action: At the time of writing, CommScope ( COMM ) shares are trading 87.5% higher at $14.61, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.