CommScope Holding Company, Inc.
15.75-0.22 (-1.38%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · COMM · USD
Key Stats
Market Cap
3.49BP/E (TTM)
58.33Basic EPS (TTM)
0.27Dividend Yield
0%Recent Filings
8-K
Stockholders approve CCS sale
CommScope stockholders overwhelmingly approved the sale of its Connectivity and Cable Solutions segment to Amphenol on October 16, 2025, with 187 million votes in favor against just 56,000 opposed. This clears a key hurdle for the deal announced August 3, 2025, streamlining CommScope's focus on core networks while delivering expected net proceeds. Yet risks linger, including potential termination if closing conditions falter. Approval seals the path forward.
8-K
Dividend declared, options amended
CommScope declared a dividend on its Series A Preferred Stock on September 25, 2025, issuing 17,343 shares in kind plus $12.50 cash for fractions, payable September 30 to Carlyle, exempt under Section 4(a)(2). Amid its pending CCS segment sale to Amphenol, the board amended options for CCS President Koen ter Linde, extending lapse to one year post-termination if triggered by closing, versus three months. This bolsters retention for the executive. Options expire May 15, 2029, at $18.60 strike.
8-K
Exec bonus for CCS sale retention
CommScope entered a Success Bonus Agreement on September 2, 2025, with Koen ter Linde, SVP and President of its Connectivity and Cable Solutions segment, offering him a $1,980,000 cash award if he stays employed through the closing of the pending sale to Amphenol. This incentive replaces any severance under his prior agreement upon transaction close. It underscores the company's push to retain key leadership amid the divestiture.
8-K
CommScope sells CCS to Amphenol
CommScope inked a deal on August 3, 2025, to offload its Connectivity and Cable Solutions segment to Amphenol for $10.5 billion in cash, cash-free and debt-free, with closing eyed for the first half of 2026 pending stockholder nod, antitrust clearance, and debt repayment. This divestiture sharpens CommScope's focus on core operations while delivering hefty liquidity to tackle its balance sheet. Risks loom if regulatory hurdles or superior bids derail the pact. Deal's a big unwind.
8-K
CommScope sells CCS for $10.5B
CommScope announced a definitive agreement on August 4, 2025, to sell its Connectivity and Cable Solutions (CCS) business to Amphenol for $10.5 billion in cash, expecting closure in the first half of 2026 pending approvals. This deal unlocks shareholder value through ~$10 billion net proceeds, enabling full debt repayment, preferred equity redemption, and a post-closing dividend within 60-90 days. Q2 2025 sales hit $1.388 billion, up 32% year-over-year, with adjusted EBITDA at $338 million, surging 79%; RemainCo (ANS and RUCKUS) posted $513 million revenue and $127 million EBITDA, signaling robust recovery. Yet risks loom from regulatory hurdles and integration disruptions.
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