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Arris Group (ARRS) stock jumped to a more than 14-year high Thursday as investors applauded its plan to expand its network and video systems hardware business into the satellite market and offshore by acquiring U.K.-based gear maker Pace. Arris stock was up 21% in afternoon trading in the stock market today, near 37, its highest point since August 2000. Late Wednesday, Suwanee, Ga.-based Arris said that it had agreed to acquire Pace for about Scalper1 News
Scalper1 News