Morgan Keegan Comments On BigBand Networks' Pending Acquisition by Arris Group

Morgan Keegan has published a research report on BigBand Networks

and has moved the company to Not Rated pending an acquisition by Arris Group

. In the report, Morgan Keegan writes, "BigBand has accepted the $2.24 per share offer pending shareholder approval valuing it at $172 mm. Recent deterioration in BigBand's financial position and muted performance by its legacy products likely accelerated takeover talks." BigBand Networks closed yesterday at $2.26.