Dealogic counts as an inversion any deal of at least $500 million with at least a 75 percent acquisition in companies in certain tax haven countries and European countries.
"We're acquiring Pace to grow our business, which will benefit our shareholders, employees, customers and partners around the world," said an Arris spokesperson in a statement. "We view the inversion opportunity as a secondary benefit, and as a global company, planning an expanded global presence, it made strategic sense."
Read MoreCorporate 'inversions' are the latest ploy to upend the US tax code
Arris just started sponsoring driver Carl Edwards in the Nascar Sprint Cup Series. How will fans of Nascar, which is known for its pro-American audience and Southern heritage, react? Carl Edwards in particular has the most impact on TV ratings when he wins, as compared to any other driver.
Will Edwards' fans—and the sport's fans in general—respond negatively if they realize that their newest sponsor is playing these tax games and now wants to consider itself a foreign company—for the purpose of saving on taxes? The Nascar fan base tends not to sell patriotism for a price. This should be interesting.