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.
About ARRIS
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.
Forward-Looking Statements
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
September 30, 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 or otherwise.
SOURCE ARRIS Group, Inc.