OTTAWA (dpa-AFX) - The boards of Viavi Solutions, Viavi Solutions
Acquisitions or Bidco, and Spirent Communications plc have reached agreement on
the terms of a recommended cash acquisition of the entire issued and to be
issued ordinary share capital of Spirent by Bidco. Each Spirent shareholder
shall be entitled to receive: 175 pence for each Spirent share held. The
acquisition value comprises, for each Spirent share: 172.5 pence in cash; and a
special dividend of 2.5 pence per Spirent share. The acquisition price values
the entire issued and to be issued ordinary share capital of Spirent at
approximately 1.005 billion pounds.

Also, Silver Lake is making a $400 million long-term strategic investment in
Viavi in connection with the acquisition. Ken Hao, Chairman and a Managing
Partner of Silver Lake, will join the Viavi Board.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX