CommScope, Arris Nearing $5.6B Deal – Report | Light Reading

CommScope is close to striking an all-cash deal to acquire Arris for more than $31 per share, pinning a value of more than $5.6 billion on the company, CNBC reported Tuesday.

CNBC, citing unnamed sources said to be familiar with the M&A discussions, reported that an all-cash deal could be announced as soon as Wednesday, but warned that the agreement had yet to be signed and may not come off.

Source: CommScope, Arris Nearing $5.6B Deal – Report | Light Reading

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