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Cable infrastructure gear vendor Arris (ARRS) has agreed to acquire smaller peer BigBand...
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Tuesday, October 11, 2011, 7:34 AM ETCable infrastructure gear vendor Arris (ARRS) has agreed to acquire smaller peer BigBand Networks (BBND) for $2.24/share in cash, a 76% premium to BigBand's Monday close. BigBand was a pioneer in the development of switched digital video technology, which increases cable network capacity, but has fallen on hard times as competitors have caught up.
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