ARRIS Group, Inc. (ARRS, Financial)
The price of ARRIS Group, Inc. (ARRS, Financial)Â stock soared and touched a new lifetime high in after-hours trading Wednesday as the company said that it will acquire Pace PLCÂ (PIC, Financial), a leading provider of technology solutions to the PayTV and Broadband industries, for $2.1 billion in cash and stock.
The deal accelerates ARRS' growth strategy and is expected to be accretive to its non-GAAP earnings per share in the first 12 months following the acquisition, which is projected to close in late 2015 after the satisfaction of customary closing conditions.
According to ARRS, this transaction will provide it with a large scale entry into the satellite segment, broaden its portfolio and expand its global presence, representing another example of its ongoing strategy of investing in the right opportunities to position the company for growth.
ARRS is a global innovator in IP, video and broadband technology.
More about ARRIS Group, Inc. (ARRS, Financial) at www.arris.com
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Shares of eBay Inc. (EBAY, Financial)Â surged to near all-time high levels in extended trading on Wednesday after the company delivered better-than-expected quarterly profit in its financial results, driven by transaction growth and expense control.
For the first quarter 2015, EBAY posted revenue of $4.45 billion, a 4% increase year over year, and non-GAAP net income of $943 million, or $0.77 per diluted share, compared to non-GAAP net income of $899 million, or $0.70 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus of $0.70 earnings per share for the period.
According to EBAY, its plans to separate the company's eBay and PayPal businesses into two independent publicly traded companies in 2015 are on track.
For the second quarter 2015, EBAY expects net revenues in the range of $4.40 billion to $4.50 billion and non-GAAP earnings per diluted share in the range of $0.71 to $0.73.
EBAY is a global commerce and payments leader, providing a robust platform where merchants of all sizes can compete and win.
More about eBay Inc. (EBAY, Financial) at www.ebayinc.com
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Crown Equity Holdings Inc. (CRWE, Financial)
The company is currently developing its CRWE Network (www.CRWE-PR.com), a growing network of community targeted sites.
It has recently included Waterford, California (www.waterford.crwe-pr.com) into the CRWE Network.
Waterford is the eighth-largest city in Stanislaus County, California. It is located 11 miles northeast of Turlock and 65 miles east of San Jose.
Waterford had an estimated population in 2010 (U.S. Census) of 8,456 and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally.
The CRWE Network has reached the 1,487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE, Financial) at www.crownequityholdings.com
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