ARRIS price target raised to $32 from $26 at Brean Capital Brean Capital raised its price target on ARRIS citing expectations for renewed growth on more rapid than expected cost synergies from its acquisition of Motorola's consumer premise equipment division. Shares are Buy rated.
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.