SUWANNEE, Ga., April 12, 2013 /PRNewswire/ -- ARRIS
Group, Inc. (NASDAQ: ARRS) today announced that the U.S.
Department of Justice has cleared ARRIS' proposed acquisition of
the Motorola Home business from a subsidiary of Google. As a
result, all required regulatory approvals have been received, or
the applicable waiting periods have expired, and ARRIS expects to
close the transaction on or about April 17,
2013.
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 and monitor advanced video, data and
voice subscriber services, including whole home video across
multiple screens, ultra high-speed data, personalized advertising
and carrier-grade telephony. Headquartered near Atlanta, in Suwanee,
Georgia, USA, ARRIS has R&D sales and support offices
throughout the world. Information about ARRIS products and services
can be found at www.arrisi.com.
Forward-Looking Statements
This press release and
related public disclosures contain forward looking statements.
These statements include, among others, statements concerning the
closing of the acquisition of the Motorola Home business.
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, satisfaction of all remaining closing
conditions and the conditions for funding under ARRIS' credit
facility. 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-K for the year ended December 31, 2012. In providing forward-looking
statements, the Company expressly disclaims any obligation to
update publicly or otherwise these statements, whether as a result
of new information, future events or otherwise.
SOURCE ARRIS Group, Inc.