Ceragon Networks (CRNT) Likely to Resist $2.80/Share Takeover Offer from Aviat - Needham & Company
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Aviat Networks Proposes to Acquire Ceragon Networks for $2.80 Per Share in Cash
June 27, 2022 5:05 PM EDTProposal represents 51% premium to 60-day volume weighted average trading price of Ceragon stock
Would deliver immediate, significant value substantially in excess of the value Ceragon can generate as a stand-alone entity
As 5% shareholder Aviat calls for extraordinary general meeting of Ceragon shareholders to elect new directors to evaluate proposal
Schedules conference call for 7:00 p.m. ET on June 27, 2022 to discuss its compelling proposal
AUSTIN, Texas, June 27, 2022 /PRNewswire/ -- Aviat... More
