Deal comes as OTT disrupts traditional video service industry
Reuters
(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.
Arris said the deal will reduce its non-GAAP tax rate to about 26-28 percent. The company's tax rate was 36.8 percent in 2014.