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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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
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