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0 -0.000262123197902962 -0.00182961992136287 0.00865006553079962 0.0395806028833553 0.0212319790301442 0.0254259501965926 0.0254259501965926
Stock impact report

Why ARRIS International Stock Surged Today [The Motley Fool]

CommScope Holding Company, Inc. (COMM) 
Last commscope holding company, inc. earnings: 2/20 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.commscope.com
Company Research Source: The Motley Fool
CommScope is acquiring ARRIS, overshadowing third-quarter earnings. Evan Niu, CFA ( TMFNewCow ) Nov 8, 2018 at 2:07PM What happened Shares of ARRIS International  ( NASDAQ:ARRS ) have surged today, up by 10% as of 1:30 p.m. EST, after the company reported third-quarter earnings. However, the results weren't too relevant as the company also announced it was being acquired. So what Revenue in the third quarter was $1.65 billion, which led to non- GAAP earnings per share of $0.68. The more significant announcement was that CommScope ( NASDAQ:COMM ) will acquire ARRIS for $31.75 per share in a transaction valued at $7.4 billion including debt. The Carlyle Group will also invest $1 billion in CommScope, after dissolving its stake in the company in 2016. Carlyle had previously acquired CommScope in 2011 before taking it public again in 2013. Show less Read more
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