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ARRIS Group, Inc. Buyback

OLI recorded this information on 11/1/2012

Company: ARRIS Group, Inc.
Buyback: ARRS buyback
$Amount Authorized: $150,000,000
Buyback Details: ARRIS Group, Inc., a global technology leader in the development of advanced cable telephony, next generation high-speed data, demand driven video solutions, operations software and broadband access equipment, today announced that its Board of Directors has authorized an additional $150 million in share repurchases of the Company's common stock. The Company currently has $19.6 million available under its prior authorization for share repurchase. Since 2008, the Company has repurchased 34.2 million shares at an aggregate cost of $306.3 million.

ARRIS International is engaged in the entertainment, communications, and networking technology. Co. operates in three business segments: Customer Premises Equipment (CPE), Network and Cloud and Enterprise Networks. Co. enables service providers, including cable, telecom, digital broadcast satellite operators and media programmers, to deliver media, voice, and Internet Protocol data services to their subscribers. Co. also develops a set-tops, digital video and Internet Protocol Television distribution systems, broadband access infrastructure platforms, and broadband data and voice CPE, which Co. also sells directly to consumers through retail channels.
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Company Name: 
ARRIS International PLC
Stock buyback: 
ARRS buyback
Website: 
www.arris.com
Sector: 
Television & Radio
 

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Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
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