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Arris expects delay in closing Pace takeover

Monday 19 October 2015 | 10:29 CET | News
Arris has hit a stumbling block in its proposed takeover of Pace. The company announced that due to an extended regulatory review in some countries, the closing of the transaction will be delayed, until late December or the first quarter of 2016, compared to the original expectation of late 2015. As previously disclosed, Arris received a request for additional information from the US, Brazil and Colombia competition regulators evaluating the takeover. Arris said it's working to respond to these additional requests and still expects to receive regulatory clearance for the takeover. In the US,

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Categories: Broadcast & Satellite
Companies: Arris / Pace
Countries: World
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