ARRIS to restructure after Pace acquisition

Wednesday, February 17th, 2016
ARRIS Group logo

In an SEC filing, ARRIS Group Inc. (NASDAQ: ARRS) has said:

Costs Associated with Exit or Disposal Activities

On February 17, 2016, ARRIS announced that, as part of the integration activities related to the recently completed acquisition of Pace plc, the Company will be restructuring certain operations. ARRIS expects the majority of the restructuring to be completed by the third quarter of 2016. An estimate of the total costs and charges, which may be material, expected to be incurred as part of the restructuring, including an estimate of cash expenditures related to the restructuring, are not currently available.