|ARRIS Stockholders Approve Acquisition By CommScope|
At the meeting convened by the
At the special general shareholder meeting convened by ARRIS, the proposal to amend ARRIS's articles of association was approved by stockholders holding 99 percent of the shares voted at the meeting.
"This approval marks another important milestone in accelerating our strategy. Together, we believe ARRIS and
ARRIS stockholder approval closely follows the recent expiration of the HSR (Hart-Scott Rodino) Act waiting period in the U.S. ARRIS expects the transaction to close in the first half of 2019, following receipt of the remaining regulatory approvals and the sanction of the Scheme by the Court.
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This release includes forward-looking statements that reflect the current views of ARRIS with respect to future events and financial performance, including the proposed Acquisition. These statements may discuss goals, intentions or expectations as to future plans, trends, events, results of operations or financial condition or otherwise, in each case, based on current beliefs of the ARRIS management, as well as assumptions made by, and information currently available to, such management. These forward-looking statements are generally identified by their use of such terms and phrases as "intend," "goal," "estimate," "expect," "project," "projections," "plans," "potential," "anticipate," "should," "could," "designed to," "foreseeable future," "believe," "think," "scheduled," "outlook," "target," "guidance" and similar expressions, although not all forward-looking statements contain such terms. This list of indicative terms and phrases is not intended to be all-inclusive.
These forward-looking statements are subject to various risks and uncertainties, many of which are outside of the control of ARRIS, including, without limitation: failure to obtain applicable regulatory approvals in a timely manner, on acceptable terms or at all, or to satisfy the other closing conditions to the proposed transactions; the risk that ARRIS will be required to pay the termination fee under the Acquisition Agreement; the potential impact of announcement or consummation of the proposed acquisition on relationships with third parties, including customers, employees and competitors; uncertainties as to the timing of the transaction; the possibility that competing offers will be made; any statements of belief and any statements of assumptions underlying any of the foregoing; and other factors beyond the control of ARRIS.
These and other factors are discussed in greater detail in the reports filed by ARRIS with the
Bob Puccini, Investor Relations, +1.720.895.7787, firstname.lastname@example.org