& cplSiteName &

Pace Confirms Moto Bid

Light Reading
LR Cable News Wire Feed
Light Reading
12/10/2012
50%
50%

SALTAIRE, U.K. -- The Board of Pace plc (“Pace”, the “Company”) notes the press speculation in relation to a potential transaction involving Google’s Motorola Home business1. Pace confirms that it has submitted an indicative, non-binding, proposal to Google in respect of a potential acquisition of its Motorola Home business. Discussions with Google are currently at a preliminary stage and there is no certainty as to whether any agreement regarding any transaction will be reached.

Pace can confirm that the potential acquisition of Google’s Motorola Home business would be classified as a “reverse takeover” under the UK Listing Rules given its size relative to Pace. As a result, the ordinary shares of Pace have been suspended from trading as of this afternoon. The shares will re-commence trading either on sufficient information on any potential transaction being provided publicly to shareholders, whether in the form of a prospectus or otherwise, or on the release of an announcement confirming that Pace is no longer in discussions with Google regarding the potential acquisition of the Motorola Home business.

Pace plc

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 17, 2018, Chicago, Illinois
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
NFV Is Down but Not Out
Iain Morris, News Editor, 5/22/2018
What VeloCloud Cost VMware
Phil Harvey, US News Editor, 5/21/2018
Trump Denies ZTE Deal, Faces Senate Backlash
Dan Jones, Mobile Editor, 5/22/2018
TM Forum Sea-Change Overcomes That Sinking Feeling
Iain Morris, News Editor, 5/17/2018
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed