Pace to Seeks Buy 2Wire

Pace (www.pace.com) and 2Wire (www.2wire.com) have reached an agreement under which Pace proposes to acquire 2Wire for cash consideration of $475 million. The consideration includes 2Wire's balance sheet cash at closing, expected to be approximately $55 million....

Jul 26th, 2010
Pace (www.pace.com) and 2Wire (www.2wire.com) have reached an agreement under which Pace proposes to acquire 2Wire for cash consideration of $475 million. The consideration includes 2Wire's balance sheet cash at closing, expected to be approximately $55 million.

2Wire is currently owned by a consortium of strategic and financial investors. The transaction is conditional on (amongst other things) the approval of the shareholders of Pace and 2Wire and regulatory approvals. It is anticipated that the transaction will be completed during the fourth quarter of 2010.
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