ARRIS Receives Second Request in Connection with the Previously Announced
Acquisition of the Motorola Home Business from Google
SUWANEE, Ga., Feb. 11, 2013
SUWANEE, Ga., Feb. 11, 2013 /PRNewswire/ --ARRIS Group, Inc. (NASDAQ: ARRS)
today announced that ARRIS and Google Inc. have received a request for
additional information and documentary materials (a "Second Request") from the
Department of Justice regarding ARRIS' proposed acquisition of the Motorola
Home business from Google. The information request was issued in conjunction
with the DOJ's review of the transaction under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976 ("HSR Act").
The effect of the Second Request is to extend the waiting period imposed by
the HSR Act until 30 days after each company has substantially complied with
the Second Request, unless that period is extended voluntarily by the
companies or terminated sooner by the DOJ. ARRIS noted that both companies
intend to respond to the information request as quickly as practicable and
continue to work cooperatively with the DOJ in connection with its review.
ARRIS believes the transaction is pro-competitive and will create compelling
new opportunities for its customers and partners worldwide. Close scrutiny is
typical in transactions of this size. Completion of the transaction remains
subject to the expiration or termination of the waiting period under the HSR
Act, the satisfaction of similar requirements in certain foreign countries,
and satisfaction of other customary closing conditions. ARRIS continues to
anticipate the transaction will close in the second quarter of 2013, and will
provide regular updates to the market.
ARRIS is a global communications technology company specializing in the
design, engineering and supply of communications and IP technologies that
support broadband services for residential and business customers around the
world. The company supplies broadband operators with the tools and platforms
they need to deliver carrier-grade telephony, network video processing, whole
home video, demand driven video, next-generation advertising, network and
workforce management solutions, access and transport architectures and ultra
high-speed data services. Headquartered in Suwanee, Georgia, USA, ARRIS has
R&D centers in Suwanee; Beaverton, OR; Chicago, IL; Kirkland, WA; State
College, PA; Wallingford, CT; Westborough, MA; Cork, Ireland; and Shenzhen,
China, and operates support and sales offices throughout the world.
Information about ARRIS products and services can be found at www.arrisi.com.
This press release contains forward looking statements. These statements
include, among others, statements concerning whether, and the time frame
during, which the acquisition of the Motorola Home business will close.
Statements regarding future events are based on the parties' current
expectations. Actual results may differ materially from those suggested by any
forward-looking statement. Forward-looking statements are necessarily subject
to associated risks related to, among other things, successful outcome of the
acquisition process and regulatory approval of the acquisition. Other factors
that could cause results to differ from current expectations include: the
uncertain current economic climate and financial markets, and their impact on
our customers' plans and access to capital: the impact of rapidly changing
technologies; the impact of competition on product development and pricing;
the ability of ARRIS to react to changes in general industry and market
conditions; rights to intellectual property and the current trend toward
increasing patent litigation, market trends and the adoption of industry
standards; possible acquisitions and dispositions; and consolidations within
the telecommunications industry of both the customer and supplier base. These
factors are not intended to be an all-encompassing list of risks and
uncertainties that may affect the Company's business. Additional information
regarding these and other factors can be found in ARRIS' reports filed with
the Securities and Exchange Commission, including its Form 10-Q for the
quarter ended September30, 2012. In providing forward-looking statements, the
Company expressly disclaims any obligation to update publicly or otherwise
revise these statements, whether as a result of new information, future events
SOURCE ARRIS Group, Inc.
Contact: Alex Swan, ARRIS Media Relations, +1-678-473-8327,
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