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Technology Stocks : Arris International PLC (ARRS)
ARRS 31.660.0%Apr 4 5:00 PM EST
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From: JakeStraw4/23/2015 7:52:08 AM
2 Recommendations

Recommended By
Sr K
The Ox

   of 661
 
ARRIS to Acquire Pace plc for $2.1 Billion in Stock and Cash
finance.yahoo.com

Acquisition is expected to generate significant earnings accretion for ARRIS

Key benefits of the transaction:

Accelerates growth strategy
~US$8B Pro forma revenues
~8,500 combined employees, globally based

Provides large scale entry into satellite segment

Enhances international presence

Expands product portfolio across equipment, software, and services

Financially compelling
US$0.45 to US$0.55 accretive in the first 12 months after close to Non-GAAP EPS
Reduces Non-GAAP tax rate to approximately 26% - 28%
Significant synergy opportunity
Maintains capital structure flexibility
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