ARRIS to Acquire Motorola Home Business for $2.35 Billion
you might want to take this with a grain of salt, but Arris announced on November 1, 2012, that its Board of Directors authorized an additional $150 million in share repurchases of the company’s common stock. ARRIS currently has $19.6 million available under its prior authorization for share repurchase, and since 2008 the company has repurchased 34.2 million shares at an aggregate cost of $306.3 million. Thus, we have a big deal to acquire the Motorola Home business from Motorola Mobility and an ongoing stock repurchase plan with Google owning nearly 16% of the company? Call me crazy but I think this warrants serious investors taking a closer look at the fundamentals.