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Amphenol near deal to buy CommScope unit for $10.5B, WSJ says

Amphenol (APH) is finalizing a deal to buy CommScope’s (COMM) connectivity and cable unit for $10.5B, including debt, Lauren Thomas of Wall Street Journal reports, citing people familiar with the matter. A deal for the unit, known as CCS, could be announced Monday, sources told the Journal. CCS received interest from both companies and private equity firms, the paper adds.

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