Keysight Technologies (KEYS) PT Raised to $163 at Deutsche Bank on Proposed Spirent Deal

Keysight Technologies (KEYS) announces its intention to acquire Spirent

March 28, 2024 8:11 AM EDT

Keysight Technologies (NYSE: KEYS), today announced its intention to acquire the entire issued and to be issued share capital of Spirent Communications PLC (London Stock Exchange Symbol: SPT) ("Spirent) for a cash consideration of 199 pence per Spirent share which values Spirent at approximately £1,158 million (US$ $1,463 million1), on a fully diluted basis. Spirent shareholders will also be entitled to receive a special dividend of 2.5 pence per Spirent share, in lieu of any final dividend for the year ended 31 December 2023 (together with the cash consideration of 199 pence per share, the... More

Spirent Communications jumps after accepting Keysight's takeover bid

March 28, 2024 5:26 AM EDT

Spirent Communications (OTC: SPNUF) has accepted a takeover offer from Keysight Technologies (NYSE: KEYS), valuing the British telecom testing company at 1.16 billion pounds ($1.46 billion), the telecom company said on Thursday.

The deal marks a shift away from... More

Keysight outbids rival Viavi to buy UK's Spirent for $1.5 billion

March 28, 2024 3:21 AM EDT

(Reuters) -Keysight Technologies outbid rival Viavi Solutions to buy Spirent Communications for about 1.16 billion pounds ($1.46 billion) on Thursday, winning a battle over the UK telecoms testing firm's expertise in automation.

Shares in London-listed Spirent were up 10.6% to 198.0 pence as of 0957 GMT. Electronic equipment maker Keysight offered 201.5 pence per share, topping Viavi's 175 pence bid in early March.

Spirent possesses capabilities in software, cloud, and automation technologies as next-generation communication networks including 6G become... More