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Pace Plc Completes Aurora Networks acquisition


Tuesday, 7 Jan 2014 02:00am EST 

Pace Plc:confirms the completion of its acquisition of Aurora Networks Inc.On completion of the acquisition, Pace paid Aurora shareholders $323 million comprising a headline consideration of $310 million (on a debt and cash free basis) plus a further $13 million relating to tax benefits to be recovered over the three years post acquisition.