ARRIS Acquisition of Pace Receives Antitrust Clearance in Colombia
SUWANEE, Ga., Nov. 23, 2015 /PRNewswire/ -- ARRIS Group Inc. (NASDAQ: ARRS) today announced that its proposed acquisition of Pace plc received unconditional merger clearance from The Superintendence of Industry and Commerce in Colombia. This clearance follows pre-conditional clearance in Germany, South Africa, and Portugal. Completion of the transaction remains subject to the expiration or termination of the waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the satisfaction of similar merger control requirements in Brazil, together with satisfaction of other customary closing conditions.
About ARRIS
ARRIS Group, Inc. (NASDAQ: ARRS) is a world leader in entertainment and communications technology. Our innovations combine hardware, software, and services across the cloud, network, and home to power TV and Internet for millions of people around the globe. The people of ARRIS collaborate with the world's top service providers, content providers, and retailers to advance the state of our industry and pioneer tomorrow's connected world. Together, we are inventing the future. For more information, visit www.arris.com.
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Forward-Looking Statements
Statements made in this press release, including those related to the timing for the closing of the transaction and the timing and process for, and likelihood of, receiving the required merger control clearances in the United States and Brazil are forward-looking statements. Actual results may differ materially from the results suggested by thee statements for a variety of reasons, including decisions made by regulatory authorities; the requirements, conditions and limitations imposed by regulatory authorities upon ARRIS and its business after completion of the transaction; and the other risk factors described in ARRIS' definitive proxy statement filed with the Securities & Exchange Commission on September 15, 2015. In providing forward-looking statements, ARRIS expressly disclaims any obligation to update publicly or otherwise these statements, whether as a result of new information, future events or otherwise, except as required by law.
No Offer or Solicitation
This Report is provided for informational purposes only and does not constitute an offer to sell, or an invitation to subscribe for, purchase or exchange any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this document in any jurisdiction in contravention of applicable law.
SOURCE ARRIS Group, Inc.
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