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News Breaks | | | | February 11, 2013 | | 17:20 EDT |  | ARRS | Arris 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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News For ARRS From The Last 14 Days Check below for free stories on ARRS the last two weeks. |
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| May 15, 2013 | | 09:47 EDT |  | ARRS | Arris May volatility elevated into Q2 and outlook
Arris May call option implied volatility is at 51, June is at 27, August is at 28; compared to its 26-week average of 29 according to Track Data, suggesting larger near term price movement into the expected release of Q2 results today after the market close. | | | May 10, 2013 | | 14:12 EDT |  | ARRS | Arris to host a conference call
Management provides 2Q13 financial guidance and overall 2013 outlook on a conference call to be held on May 15 at 6 pm .Webcast Link | |
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