An investigation on behalf of investors of ARRIS International plc (NASDAQ: ARRS) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 11/16/2018 -- An investigation was announced concerning whether the takeover of ARRIS International plc.is unfair to NASDAQ: ARRS stockholders.
Investors who purchased shares of ARRIS International plc (NASDAQ: ARRS) and currently hold any of those NASDAQ: ARRS shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of ARRIS International plc breached their fiduciary duties owed to NASDAQ: ARRS investors in connection with the proposed acquisition.
Suwanee, GA based ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide.
On November 8, 2018, CommScope (NASDAQ: COMM) has agreed to acquire ARRIS International plc (NASDAQ: ARRS) in an all-cash transaction for $31.75 per share, or a total purchase price of approximately $7.4billion, including the repayment of debt.
However, given that at least one analyst has set the high price target at $38.00 per NASDAQ: ARRS, the investigation concerns whether the offer is unfair to NASDAQ: ARRS stockholders. More specifically, the investigation concerns whether the ARRIS International plc Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On November 15, 2018, shares of ARRIS International plc (NASDAQ: ARRS) closed at $30.75 per share.
Those who are current investors in ARRIS International plc (NASDAQ: ARRS) shares have certain options and should contact the Shareholders Foundation.
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