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Arris Group Inc Announces Completion Of Holding Company Formation

Tuesday, 16 Apr 2013 07:00am EDT 

Arris Group Inc announced that effective April 16, 2013, it has reorganized business by creating a new holding company structure. The primary purpose of the reorganization was to facilitate ARRIS' proposed acquisition of the Motorola Home business from a subsidiary of Google, which ARRIS expects to close April 17, 2013. The business operations of the Company and subsidiaries will not change as a result of the reorganization. The new holding company will retain the name ARRIS Group, Inc. Outstanding shares of the capital stock of the former ARRIS Group, Inc. were automatically converted, on a share for share basis, into identical shares of common stock of the new holding company. As a result, stockholders will not need to exchange their old stock certificates. The common stock of the new holding company will continue to be listed on the NASDAQ Global Market System under the symbol ARRS. 

Company Quote

0.41 +1.41%
19 Dec 2014