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Bids, Mergers and Takeovers

ARRIS-Pace deal gets Brazil clearance

03 December 2015 07:39

ARRIS's proposed acquisition of Pace has received preliminary approval, without restrictions, from Brazil's competition authority CADE.

The clearance is expected to become final on 19 December, following Brazil's mandatory appeals period.

When finalised, the approval in Brazil will complete the merger-control clearances required for the transaction.

ARRIS expects to close the transaction in early January following the Brazilian clearance becoming final and the sanctioning of the scheme of arrangement by the Companies Court in the UK.

Story provided by StockMarketWire.com

Related Company: PIC

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