ARRIS Statement Re: Ruckus Acquisition, Following Broadcom's CFIUS Refiling
Staff Report From Metro Atlanta CEO
Monday, October 16th, 2017
As previously announced, ARRIS's agreement to acquire Brocade's Ruckus Wireless and ICX Switch business from Broadcom is contingent on Broadcom closing its acquisition of Brocade. The refiling of Broadcom's notice with CFIUS delays the closure of ARRIS's deal, but ARRIS remains committed to our acquisition and associated strategy.
By adding Ruckus, ARRIS will enhance its portfolio of networking technologies to enable constant connectivity in every environment, whether in or outside the home, in commercial verticals or small enterprises. This is an important milestone because our vision of a smart, simple connected world is one step closer.
