Surge in US Stocks | Comm Inc. (COMM.US) Soars Over 68% as APH to Acquire Its Broadband Connectivity Business for $10.5 Billion
Sources close to the matter have revealed that on Monday, Comm Inc. (COMM.US) surged over 68%, closing at $13.11. The news follows confirmation from APH (APH.US) that it has reached an agreement with
Sources close to the matter have revealed that on Monday, Comm Inc. (COMM.US) surged over 68%, closing at $13.11. The news follows confirmation from APH (APH.US) that it has reached an agreement with Comm Inc. to acquire its connectivity and cable solutions (CCS) business for a whopping $10.5 billion. APH stated that this acquisition will expand its fiber product portfolio and other interconnected product solutions, ultimately strengthening its position in the information technology data communication market, particularly through the provision of artificial intelligence-powered fiber products and data center applications.