The report mentioned that the transaction would greater than double the scale of CommScope, whose market capitalization is $4.eight billion.
Arris has a market worth of about $4.5 billion, and at $31 per share, Arris would have an fairness valuation of $5.6 billion, plus about $1.6 billion in internet debt, the report added.
Arris makes modems and set-top bins utilized by cable and satellite tv for pc tv firms. In 2016, it acquired British rival Pace PLC for $2.1 billion, and included itself in Britain in a deal structured as a company tax inversion.
Last 12 months, Arris additionally acquired Brocade Communications Systems Inc’s networking gear enterprise for $800 million.