ARRIS INTERNATIONAL PLC (NASDAQ:ARRS) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure
As previously announced, ARRIS’s agreement to acquire Brocade’s Ruckus Networks business from Broadcom was contingent on Broadcom’s closing its acquisition of Brocade. Broadcom completed that acquisition on November 17, 2017. As a result, ARRIS expects to complete the Ruckus Networks acquisition promptly following the completion of the review of the transaction by the Committee on Foreign Investment in the United States (“CFIUS”). The current CFIUS investigation period ends on November 30, 2017.
Statements made in this report related to the proposed acquisition of the Ruckus Networks business are forward-looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Among other things, the proposed acquisition of the Ruckus Networks business may not be completed as a result of failure to obtain CFIUS approval or other reasons and, if completed, the anticipated benefits from the Ruckus Networks acquisition may not be realized.
These factors are not intended to be anall-encompassinglist of risks and uncertainties that may affect the Company’s business and results from operations. Additional information regarding these and other factors can be found in the Company’s reports filed with the Securities and Exchange Commission, including its Form10-Qfor the quarter endedSeptember 30, 2017. In providing forward-looking statements, the Company expressly disclaims any obligation to update these statements publicly or otherwise, whether as a result of new information, future events or otherwise, except as required by law.
About ARRIS INTERNATIONAL PLC (NASDAQ:ARRS)
ARRIS International plc focuses on entertainment and communications technology. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem. The N&C segment includes various products, such as Infrastructure Products, Global Services and Cloud Solutions. It enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers. It is engaged in offering set-tops, digital video and Internet Protocol Television (IPTV) distribution systems, broadband access infrastructure platforms, and associated data and voice CPE, which it also sells directly to consumers through retail channels.