SUWANEE, GA – Communications technology firm Arris Group Inc. announced plans Sunday to acquire cable and telecommunications equipment maker C-COR Inc. for about $730 million in cash and stock. Arris, which supplies high-speed data and telephone systems to broadband local access networks, said the deal would give it a global, technologically diverse engineering team with a stronger platform to pursue expansion. Under terms of the deal, each share of C-COR will be converted into the right to receive either $13.75 cash or 0.9642 Arris shares. Arris said the price represents a 39% premium to the closing price of C-COR stock...
