Arris Closes on $2.1 Billion Acquisition of Pace

Set-top box company Arris finished its $2.1 billion takeover of Pace, it said in a news release Monday. Arris said last fall it expected to close on Pace in early 2016 (see 1510190008), and the Justice Department closed its review last month without imposing any conditions (see 1512020017). Arris said its operational and worldwide headquarters would remain in Suwanee, Georgia.