SUWANEE, Ga., Dec. 3, 2015 /PRNewswire/ -- ARRIS Group
Inc. (NASDAQ: ARRS) today announced that its proposed acquisition
of Pace plc has received preliminary approval, without
restrictions, from Brazil's
competition authority CADE. The clearance is expected to become
final on December 19, 2015, following
Brazil's mandatory appeals period.
When finalized, the approval in Brazil will complete the merger-control
clearances required for the transaction. ARRIS expects to
close the transaction in early January
2016 following the Brazilian clearance becoming final and
the sanctioning of the scheme of arrangement by the Companies Court
in the U.K.
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.
Forward-Looking Statements
Statements made in this
press release, including those related to the timing for the
closing of the transaction are forward-looking
statements. Actual results may differ materially from the
results suggested by these statements for a variety of reasons,
including any appeals lodged during the waiting period in
Brazil; sanctioning of the scheme
by the court; and the other risk factors described in ARRIS's
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 release 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.
ARRIS and the ARRIS Logo are trademarks or registered
trademarks of ARRIS Enterprises, Inc. All other
trademarks are the property of their respective owners. ©
ARRIS Enterprises, Inc. 2015. All rights reserved.
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SOURCE ARRIS Group, Inc.