November 8, 2018 / 11:12 AM / 12 days ago

CommScope to buy Arris International for $5.9 bln

Nov 8 (Reuters) - U.S. telecom equipment maker CommScope Holding Company Inc said on Thursday it will buy set-top box maker Arris International Plc for about $5.9 billion in cash to expand its presence in the communications market ahead of the roll-out of 5G.

The offer price of $31.75 per share was a premium of 14 percent over Arris’ Wednesday close.

Reuters had reported about deal talks last month. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Bernard Orr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below