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Stock Market & Financial Investment News

News Breaks
February 11, 2013
17:20 EDTARRSArris receives second request regarding acquisition of Motorola home business
Arris (ARRS) announced that Arris and Google (GOOG) have received a request for additional information and documentary materials from the Department of Justice regarding Arris' proposed acquisition of the Motorola Home business from Google. The information request was issued in conjunction with the DOJ's review of the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The effect of the Second Request is to extend the waiting period imposed by the HSR Act until 30 days after each company has substantially complied with the Second Request, unless that period is extended voluntarily by the companies or terminated sooner by the DOJ. ARRIS noted that both companies intend to respond to the information request as quickly as practicable and continue to work cooperatively with the DOJ in connection with its review. ARRIS believes the transaction is pro-competitive and will create compelling new opportunities for its customers and partners worldwide. Close scrutiny is typical in transactions of this size. Completion of the transaction remains subject to the expiration or termination of the waiting period under the HSR Act, the satisfaction of similar requirements in certain foreign countries, and satisfaction of other customary closing conditions. ARRIS continues to anticipate the transaction will close in Q2, and will provide regular updates to the market.
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September 10, 2014
07:42 EDTARRSSell-off of TVE stocks ahead of conference misplaced, says Brean Capital
Brean Capital said the sell-off on small cap TV Everywhere, or TVE, stocks such as ARRIS (ARRS), Rentrak (RENT) and SeaChange (SEAC) ahead of the International Broadcast conference are misplaced. The firm attributed the weakness in the group to negative commentary out of one of the suppliers of one of the companies, but believes the sentiment is misplaced in light of strong secular indicators. Brean believes the upcoming conference will highlight new business and has previously been a catalyst for the group.
07:27 EDTARRSARRIS, Sonus pullbacks bring compelling entry points, says Jefferies
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September 9, 2014
17:45 EDTARRSARRIS reconfirms Q3 EPS, revenue guidance
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