ARRIS Group Inc. (NASDAQ: ARRS) said 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.
ARRIS Group is a world leader in entertainment and communications technology. Its innovations combine hardware, software, and services across the cloud, network, and home to power TV and Internet for millions of people around the globe.