(Reuters) -Fiber-optic cable maker Amphenol said on Monday it will buy CommScope's connectivity and cable solutions business for $10.5 billion in an all-cash deal. Shares of CommScope surged 42% in premarket trading,

CommScope has announced that it has entered into a definitive agreement to sell its Connectivity and Cable Solutions (CCS) segment to Amphenol Corporation for approximately USD $10.5 billion in cash, to be paid by Amphenol upon closing.

Amphenol Corporation (NYSE:APH) has reached a definitive agreement to acquire CommScope’s Connectivity and Cable Solutions ((CCS)) business for $10.5 billion in cash. The development will significantl