CommScope in Talks With Carlyle Group About $3 Billion Sale
If the deal goes through, Carlyle would acquire all of CommScope's outstanding stock for $31.50 a share in cash, Bloomberg News said. That would represent a premium of 36% over CommScope's closing price on Oct. 22.
"The demand for fiber-optic cable is going to go through the roof in the next three to five years," said Will Draper, a telecommunications analyst at Execution Noble in London.
CommScope said no agreement has been reached and the talks may not result in a deal.