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Arris shareholders approve Pace takeover

Thursday 22 October 2015 | 10:12 CET | News
A special meeting of Arris stockholders approved the company's proposed acquisition of set-top box maker Pace. Holders of approximately 88 percent of outstanding Arris voted in favour of the deal at the meeting 21 October. English law requires that Pace hold two special meetings to approve the scheme of arrangement: a court-ordered meeting and a general meeting, both of which are scheduled for 22 October. The deal also remains subject to regulatory approval, which Arris recently announced is taking longer than expected. 

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