CommScope to Buy Arris for $7.4B | Light Reading

Arris expects more than $150 million in annual cost synergies within three years.

CommScope (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, has agreed to acquire ARRIS International plc (NASDAQ: ARRS), a global leader in entertainment and communications solutions, in an all-cash transaction for $31.75 per share, or a total purchase price of approximately $7.4 billion, including the repayment of debt.

Source: CommScope to Buy Arris for $7.4B | Light Reading

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