The proposed $2.1 billion merger of Arris and Pace plc took another step forward following unconditional clearance from the Portuguese Competition Authority, Arris announced Tuesday.
That follows earlier pre-conditional clearance in Germany and South Africa. Arris said it has obtained clearance in response to three of its six antitrust-related filings in connection with the proposed combination.
Of recent note, Arris and Pace each received requests for additional info from the U.S. Department of Justice in connection to the deal, which aims to create a larger scale provider of set-tops and gateways, broadband access network gear and software products.
Pace and Arris hope to close the deal by year-end.
Full content: PR Newswire
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
