ARRIS Statement Re: Ruckus Acquisition, Following Broadcom's CFIUS Refiling
October 03 2017 - 9:12AM
PR Newswire (US)
SUWANEE, Ga., Oct. 3, 2017 /PRNewswire/ -- As previously
announced, ARRIS's agreement to acquire Brocade's Ruckus Wireless
and ICX Switch business from Broadcom is contingent on Broadcom
closing its acquisition of Brocade. The refiling of Broadcom's
notice with CFIUS delays the closure of ARRIS's deal, but ARRIS
remains committed to our acquisition and associated strategy.
By adding Ruckus, ARRIS will enhance its portfolio of
networking technologies to enable constant connectivity in every
environment, whether in or outside the home, in commercial
verticals or small enterprises. This is an important milestone
because our vision of a smart, simple connected world is one step
closer.
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SOURCE ARRIS
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