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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.
News For ARRS From The Last 14 Days
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July 31, 2014
18:58 EDTARRSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Imperva (IMPV), up 13.4% after reporting quarterly results... LinkedIn (LNKD), up 7.7% after reporting better than expected second quarter results and guidance for third quarter and fiscal 2014... Expedia (EXPE), up 2.1% after reporting second quarter results above analyst estimates and raising its quarterly dividend... Priceline (PCLN), up marginally following Expedia's second quarter results...Tableau Software (DATA), up 1.5%... Mohawk (MHK), up 3%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 3.4% after the FDA said that it will explore quick approval of DMD drugs. DOWN AFTER EARNINGS: Web.com (WWWW), down 16.8% after reporting second quarter results and acquiring UK online directory company Scoot... ARRIS Group (ARRS), down 8.6%... Control4 (CTRL), down 11.1%... SunPower (SPWR), down 5%... GoPro (GPRO), down 11.2%... Outerwall (OUTR), down 2%... Tesla (TSLA), down marginally after reporting second quarter results and announcing that it broke ground on a possible Gigafactory location in Reno, Nevada.
18:46 EDTARRSARRIS sees Q3 adjusted EPS 69c-74c, consensus 69c
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16:09 EDTARRSARRIS reports Q2 adjusted EPS 70c, consensus 68c
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July 28, 2014
07:15 EDTARRSARRIS price target raised to $40 from $33 at Brean Capital
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July 25, 2014
07:40 EDTARRSARRIS added to Franchise Pick list at Jefferies
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July 23, 2014
08:16 EDTARRSARRIS solutions selected by Comporium and Service Electric
ARRIS' MS4000 will be sold by Comporium under the name "Moxi Sling" to its Whole Home Solution subscribers. This new solution enables Comporium subscribers to access live and recorded content on up to four HD channels in-home, or three in-home and one outside the home, simultaneously. ARRIS was also selected by Service Electric Cable TV and Communications for their new SE NEXT Entertainment Platform, enabling their subscribers throughout Pennsylvania and New Jersey the ability to stream live and recorded content throughout the home and on the go.

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