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Arris Group will acquire UK's Pace for $2.1B, shares surge

2015-04-23 09:10:09| Telecom - Topix.net

" Arris Group said Wednesday it will buy British set-top box maker Pace for $2.1 billion in cash and stock and reincorporate in the U.K. to cut its taxes. Arris posted $5.32 billion in revenue in 2014 and said the two companies will have about $8 billion in annual revenue combined.

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