ARRIS Buys Digital Video Networking Company BigBand For $2.24 Per Share In Cash

Discussion in 'Growing and Managing a Business' started by Jerlene, Oct 11, 2011.

  1. Jerlene

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    Feb 3, 2011
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    Global communications technology giant ARRIS has agreed to acquire struggling video networking company BigBand Networks for $2.24 per share, in cash, the company announced this morning. The purchase price equates to a diluted equity value of approximately $172 million, or $53 million net of estimated BigBand cash on hand.

    The acquisition will be conducted by means of a tender offer for all of the outstanding shares of BigBand, which is expected to commence within ten business days and will be subject to customary closing conditions.

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