Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Before sunrise this morning, CommScope (NYSE: CTV) confirmed it was in talks to be taken private by The Carlyle Group in a buyout priced at $31.50 per share. The stock surged more than 30% on the news.

So what: Carlyle has been busy in recent months. In July, it agreed to purchase vitamin supplier NBTY for $3.8 billion. So while no agreement has been reached as of this writing, given Carlyle's history, it's reasonable to expect one.

Now what: In announcing the negotiations, CommScope may be trying to entice a white knight into making a better offer. Trouble is, competitors such as General Cable (NYSE: BGC) and Powerwave Technologies (Nasdaq: PWAV) aren't nearly as well capitalized as Carlyle is, and customers such as Alcatel-Lucent (NYSE: ALU) and Comcast (Nasdaq: CMCSA) already have too much debt.

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