Amphenol To Acquire CommScope's Outdoor Wireless Networks And Distributed Antenna Systems Businesses For $2.1B In Cash; Deal Adds Advanced Antenna And Interconnect Technologies; Complements Existing Portfolio For Next-Gen Wireless Networks; Expected To Be Accretive To Diluted EPS In First Full Year Post-Closing
Portfolio Pulse from Benzinga Newsdesk
Amphenol is set to acquire CommScope's Outdoor Wireless Networks and Distributed Antenna Systems businesses for $2.1 billion in cash. The deal will add advanced antenna and interconnect technologies to Amphenol's portfolio, complementing its existing offerings for next-gen wireless networks. The acquisition is expected to be accretive to Amphenol's diluted EPS in the first full year post-closing.
July 18, 2024 | 1:08 pm
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NEUTRAL IMPACT
CommScope is selling its Outdoor Wireless Networks and Distributed Antenna Systems businesses to Amphenol for $2.1 billion in cash. This divestiture may impact CommScope's revenue streams but provides significant cash inflow.
While the sale provides a significant cash inflow, it may impact CommScope's revenue streams from these businesses. The overall impact on stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Amphenol's acquisition of CommScope's Outdoor Wireless Networks and Distributed Antenna Systems businesses for $2.1 billion is expected to enhance its portfolio and be accretive to diluted EPS in the first full year post-closing.
The acquisition will add advanced technologies to Amphenol's portfolio, enhancing its offerings for next-gen wireless networks. The deal is expected to be accretive to EPS, indicating a positive financial impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100