ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld


GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market


Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Comcast Buys $150M in Arris Stock

The deal is part of Arris’ acquisition of Motorola Home from Google

Comcast Corp. (Nasdaq: CMCSA, CMCSK) is buying 10.6 million shares of Arris Group Inc. (Nasdaq: ARRS), valued at $150 million.

The deal is being made in connection with Arris’ acquisition of the Motorola Home business from Motorola Mobility, a Google Inc. (Nasdaq: GOOG) subsidiary. Comcast’s buying the 10.6 million shares will reduce the amount of Arris stock that will be issued to Google as part of the Motorola deal.

Google agreed to sell Motorola Home to Arris in December for $2.35 billion in cash and stock. Motorola Home sells television set-top boxes.

Comcast and Google will each own about 7.85 percent of outstanding Arris shares after the deals are complete.

Qatalyst Partners LP is acting as Comcast’s financial adviser, and Davis Polk & Wardwell LLP is legal counsel. Evercore Partners is Arris’ financial adviser, while Troutman Saunders is acting as legal counsel. Bank of America Merrill Lynch is also advising Arris. Barclays is financial adviser, and Cleary Gottlieb Steen & Hamilton LLP is counsel to Google.


For more information on related topics, visit the following: