(Reuters) -Fiber-optic cable maker Amphenol said on Monday it will buy CommScope's connectivity and cable solutions business for $10.5 billion in an all-cash deal.
Shares of CommScope surged 42% in premarket trading, while Amphenol rose about 2%.
The transaction aims to bolster Amphenol's portfolio, particularly by adding fiber optic interconnect products for artificial intelligence and other data center applications.
The deal is expected to close in the first half of 2026 and will add to Amphenol's diluted earnings per share in first full year after closing.
(Reporting by Kritika Lamba in Bengaluru; Editing by Arun Koyyur)