ARRIS agreed to acquire C-COR for approximately $730 million in cash and stock. The deal combines two leading suppliers of networking equipment for cable operators. The merger consideration of $13.75 per C-COR share represents approximately a 19% premium to the 30 day trading average of C-COR common stock and a 39% premium to the closing price of C-COR common stock on September 21, 2007. ARRIS said the acquisition broadens its product portfolio and...
