CommScope completed the acquisition of ARRIS International for $7.4bn.

CommScope, an American global network infrastructure provider company, completed the acquisition of ARRIS International, a global leader in entertainment and communications solutions, in an all-cash transaction for $31.75 per share, or a total purchase price of approximately $7.4bn, including the repayment of debt. In addition, The Carlyle Group, a global alternative asset manager, has reestablished an ownership position in CommScope through a $1bn minority equity investment as part of CommScope’s financing of the transaction. The combination of CommScope and ARRIS, on a pro forma basis, would create a company with approximately $11.3bn in revenue and adjusted EBITDA of approximately $1.8bn, based on results for the two companies for the 12 months ended September 30, 2018. “After a comprehensive evaluation of our business and the evolving industry we operate in, we are confident that combining with ARRIS is the best path forward for CommScope to grow and provide the greatest returns for shareholders." Eddie Edwards, CommScope President and CEO.