Spirent soars on new US takeover bid
Evening Standard|March 28, 2024
DEAL-MAKING action continued on the London market today after Spirent Communications backed a new takeover bid worth over £1.1 billion.
Graeme Evans
Spirent soars on new US takeover bid

The FTSE 250 equipment testing firm switched its support after America’s Keysight Technologies pitched an approach at a 15% premium to one by Viavi Solutions.

The new 199p a share approach by New York-listed Keysight, which used to be part of Hewlett-Packard and is worth about $28 billion, represents an 86% premium on Spirent’s price prior to takeover interest earlier this month.

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