SUWANEE, Ga., May 10, 2013 /PRNewswire/ -- ARRIS
Enterprises, Inc., a wholly owned subsidiary of ARRIS Group, Inc.
(NASDAQ: ARRS), today announced it is extending its previously
announced tender offer for any and all of its outstanding 2.00%
Convertible Senior Notes Due 2026 (the "Notes") until 11:59 p.m. ET on May
28, 2013. Also, the right to withdraw previously
tendered Notes has been extended to 11:59
p.m. ET on May 28, 2013.
The tender offer and withdrawal rights had been set to expire at
5:00 p.m. ET on May 28, 2013. Except as set forth herein,
the complete terms and conditions of the tender offer remain the
same as set forth in the Fundamental Change Notice and Offer to
Purchase dated April 30, 2013.
As of 11:59 p.m. ET on
May 9, 2013, no Notes had been
tendered pursuant to the tender offer.
For additional information regarding the tender offer, contact
the trustee at the offices of The Bank of New York Mellon Trust
Company, N.A. at 900 Ashwood Parkway, Suite 425, Atlanta, Georgia 30338, Telephone:
(770) 698-5184, Attention: Kristine L.
Prall.
This press release is for informational purposes only and is not
an offer to buy or the solicitation of an offer to sell the
Notes. The tender offer is being made pursuant to the tender
offer documents, including the Fundamental Change Notice and Offer
to Purchase. Note holders are urged to read the tender offer
statement on Schedule TO filed with the Securities and Exchange
Commission (the "SEC") on April 30,
2013 and Amendment No. 1 thereto filed with the SEC on
May 10, 2013. The Schedule TO
includes as an exhibit the Fundamental Change Notice and Offer to
Purchase. These documents have been filed with the SEC and
Note holders may obtain them without charge from the SEC at its
website (www.sec.gov) or from the trustee at the address and
telephone number listed above.
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 contains forward looking statements.
Statements regarding future events are based on the parties'
current expectations. Actual results may differ materially from
those suggested by any forward-looking statement. 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
ARRIS' 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, ARRIS expressly disclaims any
obligation to update publicly or otherwise these statements,
whether as a result of new information, future events or
otherwise.
SOURCE ARRIS Enterprises, Inc.