- With the mandatory waiting period tied to Brazilian regulatory approval (announced on Dec. 3) of Arris' (NASDAQ:ARRS -1.2%) planned acquisition of Pace now over, the companies expect the $2.1B deal to close on Jan. 4.
- When the acquisition was first announced in April, Arris forecast it would boost EPS by $0.45-$0.55 within the first 12 months of closing, and (due to Pace's U.K. incorporation) lower the company's tax rate to 26%-28%. Post-acquisition annual sales were predicted to total ~$8B.