UK court conditionally approves ARRIS/Pace deal
December 18, 2015
ARRIS has confirmed that the High Court of Justice in England and Wales has conditionally sanctioned the scheme of arrangement pursuant to which ARRIS will acquire Pace plc in a $2.1 billion (€1.96bn) deal.
Subject to the expiration of the mandatory waiting period with respect to the previously announced approval granted by Brazil’s completion Authority CADE (which waiting period now ends December 22, 2015), the combination is expected to close on Monday, January 4, 2016.
Trading in the ordinary shares of ARRIS International plc, the new parent company of ARRIS, will begin on January 5, 2016 on NASDAQ under the ARRIS current ticker symbol – ‘ARRS’.