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0 -0.0176817288801571 -0.0176817288801571 -0.0176817288801571 0.00112966601178798 -0.0134577603143417 -0.0134577603143417 -0.0134577603143417
Stock impact report

Keysight Bids £1.2 Billion for Spirent, Overtaking Viavi Offer [BNN Bloomberg (Canada)]

SPIRENT COMMUNS PLC S/ADR (SPMYY) 
NASDAQ:AMEX Investor Relations: corporate.spirent.com/investors
Company Research Source: BNN Bloomberg
Keysight has agreed to buy Spirent for 201.5 pence per share, a price which includes a 2.5 pence special dividend, and values Spirent's equity at £1.16 billion ($1.5 billion), the companies said in a statement on Thursday. The Spirent board has withdrawn its recommendation of the earlier Viavi bid, which valued the company at £1 billion. Spirent provides automated testing for networks and is used by companies that provide 5G, cloud and autonomous vehicle services. Orders fell short of expectations last year, causing the company to warn in October that sales for the first nine months of 2023 would be significantly lower than the same period in 2022. ©2024 Bloomberg L.P. Show less Read more
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