UPDATE 2-Arris to buy British set-top box maker Pace in $2.1 bln deal

April 22, 2015 9:20 PM

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April 22 (Reuters) - Network gear maker Arris Group Inc said it would buy British set-top box maker Pace Plc in a $2.1 billion cash-and-stock deal to expand its operations outside North America.

The deal, which involves the creation of a new company that will be incorporated in the UK, will help Arris reduce corporate taxes.

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