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Fly News Breaks for November 8, 2018
ARRS, COMM
Nov 8, 2018 | 12:05 EDT
Loop Capital analyst James Kisner downgraded Arris (ARRS) to Hold from Buy following the company's agreement to be acquired by CommScope (COMM) for $31.75 per share in cash. Kisner sees "a relatively thin rationale for the deal," but expects it to be consummated and does not expect other higher offers for Arris, he tells investors.
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