Arris shares surge on report of CommScope acquistion
Arris International PLC shares rallied in the extended session Tuesday following a report that the set-top-box maker was going to be acquired by CommScope Holding Co. . Arris shares surged 16%, while CommScope shares fell 5% after hours. Late Tuesday, CNBC reported that CommScope was near a deal to acquire Arris for more than $5.6 billion. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.