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ARRIS International plc (NASDAQ: ARRS) Investor Lawsuit Against Acquisition Filed

  • Investors who purchased shares of ARRIS International plc (NASDAQ: ARRS) may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
ARRIS International plc
Security
NASDAQ: ARRS

Case Name
ARRIS International Deal Case
Type of Lawsuit
Mergers and Acquisition
Court of Filing
U.S. District Court for the Northern District of Georgia

Class Period Begin
Class Period End
Settlement Notice
Arris_Settlement_05_27_2020.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$0.00

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Summary

May 27, 2020 - The court granted final approval of the settlement and entered final judgment.

January 9, 2020 - The court preliminarily approved the settlement.

December 19, 2020 - A stipulation and agreement of settlement was entered by the parties.

January 23, 2019 - A notice of proposed settlement of actions was filed.

December 6, 2018 - An investor, who currently holds shares of ARRIS International plc (NASDAQ: ARRS), filed a lawsuit against the takeover of ARRIS International plc. The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: ARRS stockholders by agreeing to sell ARRIS International plc cheaply via an unfair process. S

uwanee, GA based ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide.

On November 8, 2018, CommScope (NASDAQ: COMM) has agreed to acquire ARRIS International plc (NASDAQ: ARRS) in an all-cash transaction for $31.75 per share, or a total purchase price of approximately $7.4billion, including the repayment of debt.

However, plaintiff claims that the proposed consideration NASDAQ: ARRS shareholders will receive is grossly inadequate and undervalues ARRIS International plc. In addition, the plaintiff alleges that the process is also unfair NASDAQ: ARRS stockholders

Date Settled