The Traderszone Network

Published in TZ Latest News 24 April, 2015 by The TZ Newswire Staff

Arris Acquires U.K.’s Pace In Tax-Inversion Deal

Networking and telecom equipment maker Arris Group has already delivered solid results in the past three years. But its business is about to pick up, because the company announced Wednesday that it’s buying the U.K.’s Pace, which provides gear to the pay-television and broadband industries, for $2.1 billion in cash and stock. The deal will expand Arris’ offerings in equipment, software and services.

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