Arris/Pace May not Close Until Q1 Due to Regulatory Concerns, Arris Says

Arris may not close on its takeover of Pace until Q1 as it works through regulatory issues in Brazil, Colombia and the U.S., the equipment maker said Friday. The companies previously said they expected to close the $2.1 billion deal by year's end (see 1507010042). The deal received regulatory clearance in Germany, Portugal and South Africa, but Arris said it received requests for additional information from the Justice Department's Antitrust Division and from Brazilian and Colombian regulators, with the DOJ focus seemingly "on certain optical transmissions products" of the two companies that could ultimately result in a divestiture.