CommScope to Sell CCS Segment to Amphenol for About $10.5b (2)

(Updates with additional details starting in third bullet.)

CommScope to sell its Connectivity and Cable Solutions segment to Amphenol for about $10.5 billion in cash.

• CommScope sees net proceeds after taxes and deal expenses to be about $10 billion
• After repaying all debt, redeeming all preferred equity held by Carlyle and adding modest leverage on the remaining business, CommScope to have significant excess cash
  • Company to distribute excess cash to shareholders as a divided within 60 to 90 days of deal close
  • Exact amount and timing of dividend to be determined by company after closing and after taking into account ...