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Stock impact report

Why Amphenol Stock Beat the Market Today [Yahoo! Finance]

Amphenol Corporation (APH) 
Last amphenol corporation earnings: 4/22 08:00 am Check Earnings Report
US:NYSE Investor Relations: amphenol.com/investors/finance_news
Company Research Source: Yahoo! Finance
The stock of electronic components specialist Amphenol (NYSE: APH) received quite a charge from investors on Monday. Juiced by the news that the company has completed its latest buyout, they sent the share price almost 4% higher that trading session, a rate that easily bettered the 0.2% gain of the bellwether S&P 500 index. Well before market open that day, Amphenol announced its purchase of CommScope 's Connectivity and Cable Solutions (CSS) unit had closed. That deal was first announced in August of last year. Amphenol agreed to pay $10.5 billion in an all-cash transaction for CSS, with the amount subject to post-closing adjustments. In a press release the company published at that time, it wrote that owning CCS " expands Amphenol's interconnect product capabilities in the fast-growing IT datacom market, particularly adding fiber optic interconnect products for artificial intelligence and other data center applications." It also "further diversifies Amphenol's broad portfolio Show less Read more
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