Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of ARRIS International plc (NASDAQ: ARRS) to CommScope (NASDAQ: COMM). Under the terms of the transaction, ARRIS shareholders will receive $31.75 per share. The transaction has a total approximate value of $7.4 billion, including the repayment of debt.
The ARRIS merger investigation concerns whether the Board of ARRIS breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether CommScope is underpaying for ARRIS shares, thus unlawfully harming ARRIS shareholders.
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