Photographer: Simon Dawson/Bloomberg

Pace Soars as Arris Agrees to $2.1 Billion Inversion Deal

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Arris Group Inc. agreed to buy British set-top box maker Pace Plc for about $2.1 billion and incorporate in the U.K. in a deal designed to save on taxes. Shares in Pace, one of Britain’s few global technology companies, rose as much as 44 percent.

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