Spirent Communications Accepts £1bn Bid from Viavi Solutions, Share Prices Soar
Tuesday, 5 March 2024, 11:16
Spirent Communications Surges 60% with £1bn Bid Acceptance by Viavi Solutions
UK telecoms firm, Spirent Communications, witnessed a 60% increase in its share value after accepting a £1bn purchase bid from a US competitor.
Key Highlights:
- Foreign Acquisition: Viavi Solutions, a company based in Arizona, will acquire Spirent Communications.
- Market Impact: Share prices soar following the announcement of the acquisition deal.
This deal underlines the trend of foreign entities targeting British companies amid favorable valuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.