Arris to buy set-top box maker Pace in $2.1 bln deal
April 22 (Reuters) - Communications equipment maker Arris Group Inc said it would buy British set-top box maker Pace Plc (Other OTC: PCMXF - news) in a $2.1 billion stock-and-cash deal.
Pace shareholders will receive 1.325 pounds in cash and 0.1455 Arris shares for each share held, the companies said in a statement on Wednesday. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Saumyadeb Chakrabarty)