C-COR sets meeting date; waiting period ends in proposed merger with Arris

By Lisa Kerner

Charlotte, N.C., Oct. 29 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed acquisition of C-COR Inc. by Arris Group, Inc.

C-COR shareholders will vote on the merger at a special meeting on Dec. 14. The record date for the meeting is Nov. 7, according to a company news release.

As previously reported, on Sept. 24 Arris announced it agreed to acquire C-COR in a stock and cash deal valued at $730 million. C-COR shareholders will have the right to receive $13.75 cash or 0.9642 of an Arris share for each share of C-COR stock, subject to proration.

Arris is a broadband local access network provider based in Atlanta.

C-COR, based in State College, Pa., provides integrated network solutions.

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