Pace Rocks the Vote
Late last month, Pace announced it would pay about $10 million less than the original sum attached to the "reverse takeover" of the France-based Philips division. In December, Pace said it expected to pay a maximum of $134.5 million, while the revised terms came in at about $124.7 million. (See Pace Tweaks Philips STB Deal and Pace Shoots for STB Stardom.)
They expect the deal to close on April 21.
— Jeff Baumgartner, Site Editor, Cable Digital News