US20337X1090 - Common Stock
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Thursday. Let's explore the market movements and identify the stocks with significant gaps.
CommScope Holding Co. has failed to reach an agreement with a group of its creditors as it continues to talk with other investors to refinance its bonds. Shares dropped as much as 47% in premarket trading in New York after the telecommunications infrastructure company missed estimates.
Amphenol Corp., a maker of equipment including cable, sensors and antennas, is planning to sell investment-grade bonds Monday to help pay for the company’s acquisition of CommScope Holding Co.’s outdoor wireless networks and distributed antenna systems.
The company looks like it will post an investor-pleasing set of quarterly results in early August.
Amphenol Corp. has agreed to buy CommScope Holding Co.’s outdoor wireless networks and distributed antenna systems businesses in a $2.1 billion transaction.