SUWANEE, Ga., Dec. 17, 2015 /PRNewswire/ -- ARRIS Group,
Inc. (NASDAQ: ARRS), today announced that the High Court of Justice
in England and Wales conditionally sanctioned the scheme of
arrangement pursuant to which ARRIS will acquire Pace plc.
Subject to the expiration of the mandatory waiting period with
respect to the previously announced approval granted by
Brazil's completion Authority CADE
(which waiting period now ends December 22,
2015), the combination is expected to close on Monday, January 4, 2016. Trading in the ordinary
shares of ARRIS International plc, the new parent company of ARRIS,
will begin on January 5, 2016 on
NASDAQ under the ARRIS current ticker symbol - "ARRS."
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.
For the latest ARRIS news:
- Check out our blog: ARRIS EVERYWHERE
- Follow us on Twitter: @ARRIS
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; satisfaction of customary closing conditions; 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. 2016. All rights reserved.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/uk-court-conditionally-approves-pace-share-scheme-300194476.html
SOURCE ARRIS