Arris shares surge on report of CommScope acquistion
Arris International PLC ARRS, +0.69% shares rallied in the extended session Tuesday following a report that the set-top-box maker was going to be acquired by CommScope Holding Co. COMM, +0.77% Arris shares surged 16%, while CommScope shares fell 5% after hours. Late Tuesday, CNBC reported that CommScope was near a deal to acquire Arris for more than $5.6 billion.
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