Ceragon Networks (CRNT) Likely to Resist $2.80/Share Takeover Offer from Aviat - Needham & Company

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Go back to Ceragon Networks (CRNT) Likely to Resist $2.80/Share Takeover Offer from Aviat - Needham & Company

Ceragon (CRNT) Acquired by Aviat Networks (AVNW) for $2.80/sh Cash

June 27, 2022 5:05 PM EDT

Aviat Networks, Inc. (NASDAQ: AVNW) ("Aviat"), the leading expert in wireless transport solutions,today announced it has submitted a nonbinding proposal to acquire all the outstanding shares of Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon") that it does not already own for $2.80 per share in cash. Aviat holds more than 5% of Ceragon's outstanding shares as of June 24, 2022, making it Ceragon's third largest shareholder.

Under the terms of the proposal, which was delivered to Ceragon's Board of Directors, Ceragon shareholders would receive $2.80 per share in cash, providing them... More