US EditionCommScope soars on report of possible sale of unit or entire company - Business North Carolina
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CommScope soars on report of possible sale of unit or entire company - Business North Carolina
Claremont-based CommScope shares surged 9.1%, advancing into positive territory for the year after Bloomberg News reported the debt-laden company is exploring the sale of its broadband connectivity and cable solutions division. Selling the unit may fetch as much as $10 billion, according to Bloomberg, reporting CommScope has contacted private industry firms and industry players. It also engaged an adviser to explore interest in buying the entire…
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