C-COR Announces Early Termination of the Hart-Scott-Rodino Waiting Period for Acquisition by ARRIS.Sets Record Date for Special Meeting of C-COR Shareholders STATE COLLEGE, Pa. -- C-COR Incorporated (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCBL CCBL Crescent Commercial Bank Limited (Pakistan) CCBL Cambodia Campaign to Ban Landmines CCBL Configuration Control Baseline CCBL CPEDB Configuration Baseline Listing CCBL Chinese Christian Basketball League ) today announced that it has received notification from the Federal Trade Commission that early termination of the waiting period under the Hart-Scott-Rodino (HSR HSR homogeneously staining regions. ) Antitrust Improvements Act of 1976 has been granted in connection with the proposed acquisition of C-COR Incorporated (NASDAQ:CCBL) by ARRIS ar·ris n. pl. arris or ar·ris·es The sharp edge or ridge formed by two surfaces meeting at an angle, as in a molding. [Alteration of Old French areste, fishbone, spine Group, Inc. (NASDAQ:ARRS ARRS American Roentgen Ray Society. ). The merger remains subject to satisfaction of other conditions, including approval of the shareholders of both C-COR and ARRIS. C-COR has set November 7, 2007, as the record date for the special meeting of its shareholders to approve the merger. The special meeting of C-COR shareholders will be held on Friday, December 14, 2007 in Philadelphia, Pennsylvania. C-COR and ARRIS intend to close the merger promptly following the satisfaction or waiver of all conditions to the merger. About C-COR C-COR technology and know-how are at the heart of today's personalized, multi-screen communications and entertainment. The largest cable operators and other private and public network operators around the world look to C-COR for broadband access equipment to expand bandwidth, unified video platforms for delivery of on demand content, and integrated back-office OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. for a 360 degree view of the network, subscribers and workforce. C-COR's common stock is listed on the NASDAQ Global Market (Symbol: CCBL) and is a component of the Russell 2000 Stock Index. For additional information regarding C-COR, visit www.c-cor.com. About ARRIS ARRIS provides broadband local access networks with innovative next generation high-speed data and telephony systems for the delivery of voice, video and data to the home and business. ARRIS' complete solutions enhance the reliability and value of converged services from the network to the subscriber. Headquartered in Suwanee, Georgia, USA, ARRIS has design, engineering, distribution, service and sales office locations throughout the world. Information about ARRIS' products and services can be found at www.arrisi.com. Additional Information and Where to Find It In connection with the proposed combination of C-COR and ARRIS, ARRIS has filed with the SEC a registration statement on Form S-4, which includes a proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. which also has been filed by C-COR and a proxy statement and prospectus of ARRIS. Shareholders are urged to read the joint proxy statement/prospectus regarding the proposed transaction, because it contains important information. Shareholders may obtain a free copy of the joint proxy statement/prospectus, as well as other filings containing information about C-COR and ARRIS, without charge, at the SEC's internet site www.sec.gov. Copies of the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to C-COR, 60 Decibel decibel (dĕs`əbĕl', –bəl), abbr. dB, unit used to measure the loudness of sound. It is one tenth of a bel (named for A. G. Bell), but the larger unit is rarely used. Road, State College, Pennsylvania 16801, Attention: Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. (814) 231-4402 or to ARRIS Group, Inc., 3871 Lakefield Drive, Suwanee, Georgia 30024, Attention: Investor Relations (678) 473-2647. Participants in the Solicitation C-COR, ARRIS, and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed combination. Information regarding C-COR's directors and executive officers is available in C-COR's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , as amended by C-COR on Form 10K/A K/A Knowledge and Abilities filed on October 11, 2007. Information regarding ARRIS' directors and executive officers is available in the Proxy Statement with respect to ARRIS' 2007 Annual Meeting of Stockholders filed by ARRIS with the SEC on April 9, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the definitive joint proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available. Some of the information presented in this announcement constitutes forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements represent the Company's judgment regarding future events, and are based on currently available information. Although the Company believes it has a reasonable basis for these forward-looking statements, the Company cannot guarantee their accuracy and actual results may differ materially from those the Company anticipated due to a number of known and unknown uncertainties. Factors which could cause actual results to differ from expectations include, among others, the possibility that the proposed merger with ARRIS Group, Inc. will not be consummated, capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. patterns of the communications industry, changes in regard to significant customers, the demand for network integrity, the trend toward more fiber in the network, the Company's ability to develop new and enhanced products, the Company's ability to provide complete network solutions, continued industry consolidation, the development of competing technology, the global demand for the Company's products and services, the Company's ability to implement its restructuring and cost reduction measures, and the Company's ability to achieve its strategic objectives. For additional information concerning these and other important factors that may cause the Company's actual results to differ materially from expectations and underlying assumptions, please refer to the reports filed by the Company with the Securities and Exchange Commission. |
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