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Stock impact report

ADTRAN Stockholders Overwhelmingly Approve Business Combination with ADVA Optical Networking SE

ADTRAN Holdings, Inc. (ADTN) 
Last adtran holdings, inc. earnings: 2/5 08:05 pm Check Earnings Report
Company Research Source: Business Wire
HUNTSVILLE, Ala.--(BUSINESS WIRE)--ADTRAN, Inc., (NASDAQ: ADTN) today announced that its stockholders have approved the business combination with ADVA Optical Networking SE by an overwhelming majority. In a Special Meeting of Stockholders held earlier today, a quorum was achieved with 85% of ADTRAN’s outstanding shares represented. Of the voted shares, over 99% were voted in favor of the transaction.Today’s announcement is the latest milestone towards a successful closing. The transaction has already been approved unanimously by the ADTRAN Board of Directors, approved by the ADVA Management and Supervisory Boards, who also have recommended to ADVA shareholders to accept the offer. The transaction has also received the strong support of ADVA’s largest shareholder, Egora, which entered into an irrevocable commitment to tender into the offer shares representing 13.7% of ADVA’s outstanding shares, and received clearance or confirmation that public review was not needed by all required Show less Read more
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