CommScope (NASDAQ: COMM), an infrastructure solutions company for communications networks, last week announced two appointments effective after CommScope completes its acquisition of ARRIS International. On November 8, 2018, CommScope announced an agreement to acquire ARRIS International in an all-cash transaction for $31.75 per share, or a total purchase price of approximately $7.4 billion, including debt repayment.
Upon closing, ARRIS Chief Executive Officer Bruce McClelland will join the CommScope leadership team as chief operating officer; and Morgan Kurk, CommScope’s current chief operating officer, will become chief technology officer of the combined organization. Kurk and McClelland will report to Eddie Edwards, CommScope president and chief executive officer.
“We continue to make progress to bring CommScope and ARRIS together and ensure we are better positioned to capitalize on emerging trends, including network convergence, fiber and mobility everywhere, 5G, and Internet of Things,” said Edwards. “Bruce and Morgan will play pivotal roles in leading our combined companies into a successful future.