Arris Sinks on Note Offer

Shares decline.
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Arris

(ARRS) - Get Report

sank 8% early Monday after setting plans to offer $225 million of convertible senior notes due 2026.

The Suwanee, Ga., cable networking company said it expects to use the net proceeds from the offering of the notes for general corporate purposes, including the funding of future acquisitions.

Shares dropped 95 cents to $11.75.