Mergers & Acquisitions
By The Online Investor Staff, updated Mon., Mar. 18, 9:19 PM
Slide #95. VIAVI Solutions — Spirent Communications plc
Acquirer: |
VIAVI Solutions (NASDAQ:VIAV) |
Acquiree: |
Spirent Communications plc |
Details: |
VIAVI Solutions ("VIAVI") (NASDAQ:VIAV), a leading provider of communications test, measurement and optical technologies, and Spirent Communications plc ("Spirent") (LSE: SPT), a global provider of automated test and assurance solutions for networks, cybersecurity and positioning, today announced an agreement on the terms of a cash offer for Spirent which the Spirent Board intends to unanimously recommend (the "Acquisition"). The Acquisition price values Spirent at approximately 1,005 million, or $1,277 million based on the British pound sterling to U.S. dollar exchange rate on March 4, 2024. |
Viavi Solutions is a provider of network test, monitoring and assurance solutions. Co.'s business segments are: Network Enablement, which provides an integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks; Service Enablement, which provides embedded systems and enterprise performance management solutions that give global communications service providers, enterprises and cloud operators visibility into network, service and application data; and Optical Security and Performance Products, which designs, manufactures, and sells technologies for the anti-counterfeiting, consumer electronics, industrial, government and automotive markets.
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March 18, 2024 9:19 PM Eastern
Buy (3.14 out of 4)
36th percentile
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