CommScope Holding shares are trading higher after the company announced it entered into a definitive agreement to sell its Outdoor Wireless Networks segment as well as the Distributed Antenna Systems business unit of its Networking, Intelligent Cellular and Security Solutions segment to Amphenol.
Portfolio Pulse from Benzinga Newsdesk
CommScope Holding shares are trading higher after the company announced it entered into a definitive agreement to sell its Outdoor Wireless Networks segment and the Distributed Antenna Systems business unit to Amphenol.
July 18, 2024 | 3:56 pm
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CommScope Holding shares are trading higher following the announcement of a definitive agreement to sell its Outdoor Wireless Networks segment and Distributed Antenna Systems business unit to Amphenol.
The sale of these business units is likely seen as a positive move by investors, potentially improving CommScope's financial position and allowing it to focus on core operations. This has led to a rise in the stock price.
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