Arris sees Q1 adjusted EPS 22c-26c, consensus 23c Sees Q1 revenue $350M-$370M, consensus $338.35M. The Q1 revenue guidance excludes a $13M non-cash accounting impact associated with the planned investment in ARRIS by Comcast as part of the pending Motorola Home acquisition. As a result, GAAP revenues are expected to be in the range of $337M-$357M.
ARRIS acquisition of Pace receives antitrust clearance from Colombia ARRIS Group announced that its proposed acquisition of Pace received unconditional merger clearance from The Superintendence of Industry and Commerce in Colombia. This clearance follows pre-conditional clearance in Germany, South Africa, and Portugal. Completion of the transaction remains subject to the expiration or termination of the waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the satisfaction of similar merger control requirements in Brazil, together with satisfaction of other customary closing conditions.