From Business Division To Boardroom: CommScope's New Stakes And Role In France's Vantiva Post-Major Deal
Portfolio Pulse from Nabaparna Bhattacharya
Vantiva SA (OTC:TCLRY) has agreed to acquire CommScope Holding Company, Inc.'s (NASDAQ:COMM) Home Networks division. In return, CommScope will receive a 25% ownership stake in Vantiva and a maximum cumulative earnout of $100 million in cash contingent upon Vantiva achieving certain EBITDA targets. The deal is expected to be completed in late Q4 2023.
October 03, 2023 | 1:08 pm
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CommScope is selling its Home Networks division to Vantiva and will receive a 25% stake in Vantiva and a potential cash earnout of up to $100 million. This could provide a significant cash influx and a strategic partnership.
The sale of the Home Networks division to Vantiva could provide CommScope with a significant cash influx and a strategic partnership, which could potentially boost its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Vantiva is acquiring CommScope's Home Networks division, which could significantly increase its Connected Home capabilities.
The acquisition of CommScope's Home Networks division could significantly boost Vantiva's Connected Home capabilities, which could potentially boost its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100