ARRIS Group Acquires Pace plc
Troutman Sanders received significant recognition in the media – 4-traders, The American Lawyer, CNN Money, The Deal Pipeline, Global Competition Review, Law360, Legal Week, M&A Navigator, Middle Georgia CEO, Pittsburgh Post-Gazette, Reuters, StreetInsider.com and elsewhere– for advising firm client ARRIS Group, Inc., a global innovator in broadband media technology, in its recently-announced acquisition of Pace plc for aggregate stock and cash consideration of U.S. $2.1 billion (£1.4 billion).
The finalized acquisition – which has been approved by the boards of directors of both companies and is expected to close in late 2015 – will result in the formation of New ARRIS. That company will be incorporated in the United Kingdom with its operational and worldwide headquarters located in Suwanee, Georgia.
The Troutman Sanders team was led by Brink Dickerson and included Tyler Dempsey, Heather Ducat, Tina Bacce, Hazen Dempster, Peter Beardsley, Robert Friedman and Jeff Banish.