How private equity is behind the latest loss from London’s stock market [FT.com - Mergermarket]
SPIRENT COMMUNS PLC S/ADR (SPMYY)
NASDAQ:AMEX Investor Relations:
corporate.spirent.com/investors
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Source: FT.com - Mergermarket
Jump to comments sectionUnlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The lowly valued stock market makes a tempting target for private equity buyers. in the throes of a cyclical slump make the choicest morsels of all.That thinking should apply to strategic buyers too except that, rather than sitting on dry powder, they may be suffering a downturn of their own. The solution? Get a private equity fund to finance your bid.That is the route Nasdaq-listed Viavi has chosen to go down. The $2.3bn telecoms equipment maker has made a recommended£1bn bid for London’s SpirentThe attraction, from Viavi’s side, is clear. Spirent, which sells equipment to test telecoms networks, is a good strategic fit. Products are complementary, meaning they can be cross-sold to the two groups’ existing customer base. Operating costs can be cut, to the tune of $75mn — equivalent to about half of Spirent’s 2023 ebitda.And this is the r
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- Form 8.3 - [SPIRENT COMMUNICATIONS PLC] - 23 04 2024 - (CGAML) [Yahoo! Finance]SPIRENT COMMUNICATIONS PLC
- Spirent Federal Systems Prioritizes Military PNT Innovation with Appointment of Retired General DT Thompson to Advisory Role [Yahoo! Finance]Yahoo! Finance
- Spirent Federal Systems Prioritizes Military PNT Innovation with Appointment of Retired General DT Thompson to Advisory RoleBusiness Wire
- Form 8.3 - AXA INVESTMENT MANAGERS: SPIRENT COMMUNICATIONS PLC [Yahoo! Finance]Yahoo! Finance
- Form 8.3 - [SPIRENT COMMUNICATIONS PLC - 02 04 2024] - (CGAML) [Yahoo! Finance]SPIRENT COMMUNICATIONS PLC - 02 04 2024