VIAV - VIAVI Accelerates Innovation with Spirent Acquisition Targeting $75M in Synergies | Benzinga
VIAVI Solutions (NASDAQ:VIAV) penned a deal to acquire Spirent Communications (OTC:SPMYY) for approximately £1.0 billion ($1.3 billion) in a cash offer.
The acquisition price values Spirent based on the British pound sterling to U.S. dollar exchange rate on March 4, 2024.
Spirent offers products, services and managed solutions that address technologies’ test, assurance and automation challenges, including 5G, software-defined wide area networks (SD-WAN), cloud and autonomous vehicles.
As per the terms, Spirent shareholders will receive 172.5 pence per share in cash along with a special dividend per share of 2.5 pence in place of a final dividend for the year ended December 31, 2023. Spirent ...